2024 New Global Emerging Cannabis Markets Predictions
As the entire cannabis world is abuzz and cannabis stocks are shooting through the roof with the potential United States rescheduling of cannabis to Schedule III and Germany likely rescheduling cannabis off the narcotics list, forecasters are looking beyond the major markets of U.S., Canada and even past global cannabis market leaders like Germany, Australia and to some extent the United Kingdom.
The International Cannabis Market Boom Is Imminent
This author believes global cannabis markets will explode with regulatory announcements country-by-country throughout 2024 and that the recent 252-page U.S. Health and Human Services (HHS) letter and supporting report highlighting safety for the population and 15 medical benefits of cannabis and references the largest data set of 30,000 prescribing physicians and 6,000,000 patients across the US, will undoubtedly be the talk of all regulators around the globe in 2024.
Although predicting regulatory movements is risky and predictions rarely come true, here are a few of 2024’s global cannabis potential emerging countries that have made announcements and look fairly certain to move: Switzerland, Czechia, Brazil, Thailand, Ukraine and Spain.
Swiss Cannabis Setting Foundations For A Successful Market
Switzerland has been working toward a broad framework for some time. Now, it is evident that social clubs are indeed opening, and pharmacies specializing in dispensing cannabis are selling.
With Switzerland already operating sales, it will only be a matter of time before cannabis entrepreneurs push the limits to open more clubs and specialized pharmacies to increase access in Swiss markets. Additionally, it is widely believed Switzerland will continue to relax consumer access rules, making these initial moves essential building blocks.
Czechia Reins In Adult-Use Cannabis Ambitions Post Germany-EU Tiff
Czechia has been making cannabis reform waves for many years and, for the most part, already has an existing but small medical market.
Last year, Czechia boldly said they …