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Just wait 'til this River goes MainStream!
Blame it on Monday.
Davos report: Europe could be world’s largest medical marijuana market in 5 years
Europe’s three largest medical cannabis markets could double in size in 2019, making this a “transformative” year for the European market, according to a new report by United Kingdom-based analytics firm Prohibition Partners, launched alongside the Davos World Economic Forum.
The European cannabis market’s value skyrocketed last year, with 500 million euros ($560 million) already invested in the market, which was mostly funneled into distribution and cultivation licenses.
?
That could just be the tip of the iceberg, according to the report, as European countries combine to become the world’s largest federally regulated medical cannabis market over the next five years.
In the near term, Europe’s three largest medical cannabis markets – Italy, Netherlands and Germany – will see patient counts more than double to a combined 225,000 this year.
Over the next decade, “The European Cannabis Report” predicts the total market for medical cannabis could surpass 58 billion euros.
“Europe is seeing a fast-paced wave of regulatory and legislative change,” the report notes.
“Throughout 2018, a swathe of European countries introduced, reviewed or announced future legislation to advance the legal cannabis agenda. The UK, Portugal and Malta have legalized medical cannabis products.”
The report breaks down commercial opportunities in production, processing, distribution and retail, digital and ancillary.
Other takeaways from the report include:
Serious access restrictions exist in the United Kingdom despite doctors being legally able to prescribe medicinal cannabis since Nov. 1, 2018.
2019 could be a big year for the World Health Organization as it reassesses its position on medical cannabis.
MMJ is legal in 14 countries in Europe. Regulations are expected to evolve to improve patient access and allow business opportunities.
Germany, Italy and the Netherlands could see a medical cannabis market grow to 18 billion euros in the next decade.
Let's not forget about Europe.
https://mjbizdaily.com/davos-report-europe-worlds-largest-medical-cannabis-market-5-years/
Congrats Rich!
I wonder if FAH had something to do with this? ;)
"Putting only good things in our stuff".; That's a viral meme waiting to happen"
Haha! That's almost exactly what I said to myself aloud as I read the article. You mean the good stuff like corn syrup, sodium, sugar, and caffeine? says the company that originally put cocaine in their drinks!
Aphria halted after hours. My intuition told me sold my shares this afternoon. (I have never really liked the company and therefore was not too comfortable holding. Did okay but should have waited one more day.
http://daggamagazine.com/2019/01/23/cannabis-producers-aphria-and-green-growth-halted/
The conspiracy part of me thinks he's trying to F up the roll out so he can blame it on the other party.
Good perspective and DD t!
They are about six years behind this board but still nice when a huge bank agrees with our DD.
What pharmacies have you been visiting because it is illegal in all of Canada for them to dispense cannabis. Shoppers (parent co. Loblaws) just got their LP distribution license and even they can only sell online. If you are not aware of that very very rudimentary fact ... then what kind of very basic homework is lacking in your charts?
Good job happy glass. Thanks for the post.
I'm better at picking stocks ;)
Agree. Chiefs and Saints.
Excellent video. Looking forward to more Canopy Hemp Hub announcements in "2 or 3 more states". I'm going to guess California and Florida.
Thanks Rich. I get that but it seems like Adam is hinting at an imminent announcement to me.
Intriguing reply from Canopy's A. Greenblatt to this tweet.
https://twitter.com/AgriConsult/status/1086307480752218112
What do you think Dbrown? You always seem to have your finger on the Twitter pulse.
Nice. If I did not have the majority of my Canopy investments in registered accounts I might not ever consider buying a dividend stock again.
Thanks for sharing. Something to consider if/when I open a margin account.
Thanks Alpine. I looked into this before in Canada too to no avail. Correct me if I'm wrong but not an option regardless in registered accounts right?
Not a technical trader but kudos on your videos. Very clear explanation and visuals.
Thanks Dbrown and Stoner. FYI My subscription expired.
Linton's interview from BNN today:
https://www.bnnbloomberg.ca/canopy-s-stock-drop-kicks-me-in-the-butt-to-focus-on-institutional-investors-linton-1.1198649
Great question... Thanks for asking. The boner was likely the result of one of the following events:
1. The NY announcement
2. Finding a fresh block of Parmesan Regano in the back of the fridge
3. An episode of Game of Thrones was playing in the background that heavily featured Khaleesi.
Huh? If you're suggesting I'm greedy you have the wrong guy. I feel very blessed and thankful to have found this opportunity and in addition to free advice I have given nearly a hundred G's of my fortune away to others in the past few years. To the contrary I find your charts misleading, ambiguous, and based on hindsight. I am still unsure of your M.O. and I don't like you scaring others away from a ripe opportunity. For that reason I speak up when necessary. No hard feelings though.
Beware. Don't miss the opportunity. My lunch time al dente chart is predicting multiple "clinks" going forward. See below:
https://goo.gl/images/mGEaff
Every once in a while I have one of those shake my head and pinch myself moments. It started with an abandoned chocolate factory and within years Bruce was hosting press conferences with police chiefs and politicians. Life is good!
Haha!
Sen. Chuck Schumer Welcomes Major Cannabis Company To New York’s Hemp Industry
https://www.marijuanamoment.net/sen-chuck-schumer-welcomes-major-cannabis-company-to-new-yorks-hemp-industry/
I like clink better than clonk. ;)
I hope you are kidding calling this fluff? This is akin to the Liberals winning the majority in Canada and legalizing weed or the Conservatives creating the MMPR program or Tweed buying the abandoned Hersey plant. The long term repercussions of this announcement are beyond awesome.
I'm new to this charting thing. How does mine look?
https://goo.gl/images/A11qm9
67!
Some big name politicians involved. That's usually a good sign.
No clonk for this?
Double wow!