Europe’s Legal Cannabis Market Is A €56 Billion Opportunity

Europe's Legal Cannabis Market is a €56 Billion Opportunity - Prohibition Partners

UNITED KINGDOM: A new report from industry advisors, Prohibition Partners, suggests that Europe will become the largest legal cannabis market in the world once all countries have introduced legislation and regulation over the next five years. Cannabis is set to become the major global industry of the post-digital generation. It will drive economic and employment growth as well Read the full article…

Colombia To Legalize Commercial Sale Of Medical Marijuana

The change is coming in an executive decree that President Juan Manuel Santos will soon sign into law.

COLOMBIA: Colombia’s government plans to legalize the cultivation and sale of marijuana for medicinal and scientific purposes, officials said Thursday in a surprise shift by the longtime U.S. ally in the war on drugs. The change is coming in an executive decree that President Juan Manuel Santos will soon sign into law. It will regulate regulating Read the full article…

Australia To Lift Ban On Medical Cannabis

"This Government is incredibly sympathetic to the suffering of those Australians with debilitating illnesses and we want to enable access to the most effective medical treatments available," Health Minister Sussan Ley said in a statement.

AUSTRALIA: The Australian government has announced plans to allow cannabis to be legally grown for medical and scientific purposes. Under current laws, marijuana is classified as an illegal drug, and while penalties vary from state to state, people who grow, use, possess or sell it can be fined or sent to prison. In a statement Saturday, Read the full article…

MPs Set To Debate Legalizing Cannabis On October 12

The debate is in response to a popular parliamentary petition that argued legalizing cannabis could bring in "£900m ($1.3 Billion) in taxes every year, save £400m ($614 Million) on policing cannabis and create over 10,000 new jobs".

UNITED KINGDOM:  MPs are set to debate whether the UK should legalize the production, sale and possession of cannabis after a petition calling for drug law reform attracted more than 200,000 signatures. The government confirmed a debate led by Labour MP Paul Flynn will take place in Westminster Hall on 12 October. Flynn, MP for Read the full article…