05/01/2024
BY BUSINESS OF CANNABIS JANUARY 5, 2024
What’s in Store for the European Cannabis Industry in 2024 – Part 2
BY BUSINESS OF CANNABIS JANUARY 5, 2024
2024 is set to be the year of elections, with more than half of the global population (4.2m people) set to vote in over 70 elections around the world.
As we saw in 2023, changes in government administrations can have a significant impact on both attitudes and policies surrounding cannabis, and the global landscape could be drastically different by the end of the year than it is right now.
Inevitably, there is a continued focus on the growing acceptance of adult-use cannabis throughout the world. While our roster of industry experts believes this excitement could help provide a much needed financial boost for the sector, they emphasise that medical cannabis will continue to be the engine of growth throughout 2024.
Thomas Skovlund Schnegelsberg, CEO, Stenocare
The key theme for 2024 will be further growth for medical cannabis sales – in Europe and globally
The past year, 2023, had both good news with growth in patients’ treatment with medical cannabis and sad news with licensed producers closing. However, the year will be remembered for its continued positive momentum of growth in most markets.
