Alexandra Curley, Prohibition Partners: Medical Cannabis Market is Growing All Over the World | Summary and Q&A

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September 17, 2019
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Investing News
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Alexandra Curley, Prohibition Partners: Medical Cannabis Market is Growing All Over the World

TL;DR

The global cannabis market is still in its early stages, with more countries legalizing it for medicinal and recreational purposes. There are investment opportunities in emerging markets like New Zealand, South Africa, and Australia.

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Questions & Answers

Q: How are countries worldwide progressing with cannabis legalization?

Cannabis legalization is still in its early stages globally. While more countries are legalizing it for medicinal purposes, Europe and Africa are showing interest in legalizing recreational cannabis. Luxembourg aims to become Europe's first fully legalized country.

Q: How important is spending power in emerging markets like New Zealand and South Africa?

Spending power is crucial in these markets, as affordability plays a significant role in the adoption of recreational cannabis. Both countries have developed economies and a good healthcare system, making accessibility to medicinal cannabis easier as well.

Q: Can the global cannabis market provide opportunities for investors amid a cooling North American market?

Yes, the global cannabis market is attracting interest from investors due to opportunities in emerging markets across Europe, Africa, Asia, and Oceania. Established players can expand their footprint and joint ventures with North American companies are already occurring.

Q: How is the UK contributing to the European cannabis market?

Luxembourg is striving to unlock the European market by legalizing recreational and medicinal cannabis. Once one country legalizes it, others may follow suit. However, the UK market is slower to evolve, facing challenges in implementing access to medicinal cannabis despite legalization.

Q: How do you evaluate the Australian cannabis market?

The Australian market is interesting, with increasing patient numbers and a well-established system for prescribing and obtaining medicinal cannabis. Australian companies see themselves as potential competitors to Canadian giants due to their climate advantage, although quality and price competitiveness are still factors.

Summary & Key Takeaways

  • The legalization of cannabis in different countries is still in its infancy, with a growing number of countries legalizing it for medicinal purposes.

  • Europe and Africa show promise in legalizing recreational cannabis, with Luxembourg aiming to be the first fully legalized country in Europe.

  • New markets like New Zealand and South Africa offer investment opportunities due to their spending power and potential for rapid adoption.

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