Business of Cannabis
Illicit cannabis market in Europe is worth 11.4 billion euros according to a new report
Last week, the European Monitoring Center for Drugs and Drug Addiction (EMCDDA) published its detailed report on the illicit cannabis market in the European Union.
The report, based on the latest data from the EMCDDA and its co-author Europol, reveals the extent of the illicit cannabis market, worth 11.4 billion euros, which would have served 22.6 million of Europeans over the past year.
Although the market size "remains stable", the report raises a number of major concerns, including the sharp increase in THC potency, the rapid emergence of semi-synthetic cannabinoids such as HHC , and the environmental implications of illicit cultivation of cannabis in Europe.