The adult-use cannabis market in the United States was valued at $17 billion last year, with 24 states actively participating. The market is expected to continue growing as more states convert their medical use regulations to allow adult use of cannabis. However, recent advancements are shifting focus towards Europe, where several countries are preparing to launch their own adult-use markets.
European nations have overcome regulatory barriers by framing cannabis legalization for scientific research purposes. Switzerland, the Netherlands, and Germany are utilizing pilot projects to investigate the impact of legal commercial supply chains for adult-use cannabis. These initiatives help set the stage for future legalization and provide benchmarks for other countries in Europe and around the world to follow.
The development of these unique supply chain structures in Europe and their interpretation of international laws will undoubtedly influence adult-use legalization in other parts of the world.
Two Models of Legalization Emerge in Europe
Incremental changes in regulations throughout 2023 have slowly prepared Europe’s adult-use cannabis market for growth. Despite remaining fragmented and heavily regulated, two distinct models for adult-use legalization can be observed across the region. The first model revolves around fully compliant supply chains that operate consistently, similar to Switzerland’s current pilot trials. On the other hand, the second model involves limited and tightly controlled supply chains that function within a specific time frame. This approach is currently being tested in both Switzerland and the Netherlands.
Switzerland and the Netherlands Lead the Way
Switzerland has made significant strides in the adult-use cannabis space, initiating legal sales through its pilot trials. With four active trials and three more approved to start soon, Switzerland boasts the first fully compliant supply chains for adult-use cannabis in Europe. More countries are expected to follow suit, with the Netherlands preparing to launch a substantial adult-use market of its own. Approximately 400,000 citizens will be able to purchase cannabis legally for recreational purposes once legislation takes effect.
European Countries on the Path to Legalization
A growing number of European nations, including the Czech Republic, Portugal, and Belgium, are seriously considering adult-use cannabis legalization or actively working towards it. With several countries either on the cusp of passing core legislation or following the lead of Germany and other frontrunners, significant progress is anticipated in Europe’s cannabis legalization landscape by 2024.
Rita Ferreira
Rita is a seasoned writer with over five years of experience, having worked with globally renowned platforms, including Forbes and Miister CBD. Her deep knowledge of hemp-related businesses and passion for delivering accurate and concise information distinguish her in the industry. Rita's contributions empower individuals and companies to navigate the complexities of the cannabis world, and her work remains a valuable resource for those seeking a deeper understanding of its potential.
