Cannabis reform is heating up across the nation. With it comes a booming multinational market, including a projected $102 billion in sales by 2026, according to Prohibition Partners.
Global reform efforts also received a late-in-the-year shot in the arm when Malta legalized possession of up to seven grams and home cultivation earlier this month.
With the third nation to legalize now cemented, the question naturally shifts to who will be fourth?
Benzinga received an array of answers from various cannabis sectors, spanning legal, capital, investors and consultants for this topic. Their responses showed that legalization prospects have never been hotter.
More than ten nations came up as possible movers in 2022, with sources citing expected regulatory movements, statements from national officials and intuition as part of their rationale.
These were the most discussed nations among the group:
Of the many European nations discussed, Germany is often considered one of the future global market leaders. Prohibition Partners mentions Germany, Israel and Australia as nations likely to develop their marketplaces over the next five years.
Legalization prospects heated up when the post-Angela Merkel era was finally determined–with the incoming coalition of progressive parties agreeing to legalize adult-use cannabis and promote broader drug policy reform. Germany legalized medical use in 2017.
To Read The Rest Of This Article By Andrew Ward on Benzinga
Published: December 23, 2021
Founder & Interim Editor of L.A. Cannabis News