Is Europe Leading the Way On Medical Cannabis ResearchProduction, And What Does the Rest of the World Intend to Do?

European countries have so far demonstrated a progressive approach to medical cannabis. The consumption of medical cannabis is currently legal in more than twenty European countries, including the UK, Germany, Croatia, Malta, Switzerland, Denmark, Finland, Ireland,Italy, to mention a few. However, where recreational cannabis is illegal, for instance, in the UK, the authorities practice a stricter approach to its medicinal use. Only registered doctors can prescribe medical cannabis for specific conditions such as multiple sclerosis, severe epilepsy,chemotherapy effects.

Europe has seen much progress in medical cannabis researchhas invested more to further medical cannabis research programs. Clinicalacademic researchers in Europe actively research the efficacy of medical cannabis in treating different medical conditions for which enough evidence of its potential benefits lacks. Furthermore, doctorspatients are actively collaboratingexploring new ways of integrating medical cannabis into treatment options.

Christian Ellul says that Denmark is leading in building Europe’s medical cannabis ecosystem. Since the Danish medical cannabis program’s implementation in 2018, the Danish ecosystem has been attracting more researchers, investors,partnerships. Through the pilot program, doctorspatients can access cannabis productsalso specialized pharmacies. The Danish government launched the four-year program with a scheme that provides licenses to cultivate cannabis to process medical cannabis products. Denmark is an international key player in pharmathe agricultural sector with a well-established framework for publicprivate research partnerships. Consequently, extensive cannabis facilities are established in Denmark via joint ventures with Danish partners based on transparent regulations. They have a strong commitment to the cannabis ecosystem in automated production methods, sustainability,more growth opportunities in the European markets.

The Frontier in The Cannabis Ecosystem

Europe remains the leading frontier on wellnessmedical developments in the cannabis ecosystem. Several sources report that it will be the most extensive legal cannabis market in the next five years. That’s why hundreds of expertsdelegates in the industry attended the cannabis Europa in Madrid to discuss the growth of cannabis worldwidethe challenges the member states of the EUthe UK face in the industry.

Since 2018, big global operators have made significant moves into the cannabis industry. For instance, Constellation, the owner of Corona beer, committed a $4billion investment in the Canadian Cannabis company, Canopy Growth. Such a huge investment is proof that cannabis has moved into the global mainstream. When looking at the impacts of mainstream cannabis, significant European countries have implemented frameworks to support more medical cannabis research. Talking of investmentresearch development in the cannabis industry, UK is the world’s largest producerimporter of medical cannabis.

Europe has influenced the rest of the world in adopting a progressive approach to medical cannabis. For instance, many cannabis companies in the US are still expanding,we can expect a lot of partnershipsacquisitions in the cannabis industry. However, the US still faces the complexities of supplydistribution due to statefederal laws’ complexities.

Conclusion

We can expect many developments in medical cannabis research to provide more data on cannabis efficacy. Since Europe is positive towards the medical cannabis industry, we can expect to see more growthdevelopments in the European cannabis markets.