Matt Freemantle – Prohibition Partners Live
April 1st, 2021
Join us on Wednesday 7th April at 3pm BST (10am EST) for the launch webinar of our 6th Edition of the European Report.
We are joined by Dylan Kennett from DLA Piper, Timo Bongartz from Fluence by OSRAM, and Conor O’Brien (Industry Analyst), in conversation with Barbara Pastori to discuss the pressing issues surrounding the European market.
Despite regulatory delays due to COVID-19, patient access to medical cannabis progressed considerably across Europe during 2020. We estimate that over 60,000 people were able to access cannabis medications for the first time in Europe during the year, bringing the total to 185,000 patients accessing medical cannabis treatment in the region in 2020.
Overall, we estimate the value of the market for medical cannabis to be worth €230.7 million as of the end of 2020. Further, we expect the value of European cannabis to grow with a Compound Annual Growth Rate (CAGR) of 67.4%, to reach €3.2 billion in 2025. Part of this growth will be supported by the beginning of sales of adult-use cannabis in Europe which are expected to occur legally in countries like the Netherlands, Switzerland and Luxembourg during the forecast period.
As the patient access to medical cannabis advances across Europe, so too do the opportunities for businesses to embed themselves in niches of the value chain, before the market becomes more established. This report is designed to support businesses in doing so, along with the conferences offered by Prohibition Partners Live as well as our Consulting services for cannabis and psychedelic ventures.”
Barbara Pastori (Director of Consulting Services, Prohibition Partners)
Barbara is an experienced strategy consultant with a focus on the full cannabis & hemp value chain, from cultivation to retail. She has led Prohibition Partners’ consulting practice since September 2019, providing high quality market intelligence and strategic advice on the cannabis market to operators, investors and regulators globally. Barbara brings almost a decade of international experience managing and executing consulting projects, having worked in a number of industries including oil & gas, manufacturing and FMCG, with a focus on regulated market, business strategy and performance optimisation.
Timo Bongartz (GM, Fluence)
Timo is the general manager for Fluence by OSRAM’s EMEA region, empowering growers across Europe, the Middle East and Africa to achieve their cultivation goals. Bongartz also advises Osram’s Smart Farming business segment, which he led prior to his role at Fluence to develop next-generation of sensor and software solutions for greenhouses, vertical farms and across the food supply chain.
Dylan Kennett (Senior Associate, DLA PIPER)
Dylan has experience in domestic and cross-border mergers & acquisitions, venture capital and private equity transactions, as well as advising on intellectual property matters. His practice encompasses the cannabis sector, as well as technology, fintech, media, sport and entertainment sectors
Conor O’Brien (Analyst, Prohibition Partners)
Conor has been with Prohibition Partners for 2 years, reporting on the emerging cannabis and psychedelic industries. He has degrees both in plant science and a masters in neuroscience. He has been using his research and reporting skills to understand the cannabis industry and communicate this to stakeholders all over the world. He is also the author of our most recent European Cannabis Report.
Sign up for the live launch of The European Cannabis Report – streaming on 7th April at 1500 EST/ 1600 CET/ 1000 EST .
The European Cannabis Report: 6th Edition is available for free download now.