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Cannabis. Spending on legal cannabis worldwide is expected to reach nearly $50 billion by 2026 at a compound annual growth rate (CAGR) of 16% from 2020 and hit $57 billion by 2030. In 2015, a report from the European Convention on Human Rights (ECHR), stated that drug use, when not injuring others, should not be illegal in the EU. While there are 39 million people in Canada and 340 million in the United States, the European Union is home to almost 450 million. The population of Great Britain is estimated at approximately 68 million people. The current population of Switzerland is 9 million people and Norway has another 5 million. Reports prepared by London-based advisory group Prohibition Partners value the European legal cannabis market at €516 million in 2023 and €1,089 million in 2024 with the medical part worth €834 million and the adult-use part worth €255 million. Total cannabis sales are forecast to grow with a CAGR of 45% to reach €2.1 billion by 2027.

Hemp/CBD. These days, at least 70 countries cultivate hemp for commercial or research purposes. In 2024, hemp acreage in North America and the European Union countries totaled about 82,000 acres and 88,000 acres respectively, China – the world’s largest hemp fiber and seed producer – planted around 95,000 acres of hemp, which put global acreage at over 270,000 acres. The hemp seed segment dominated the global hemp industrial market on the basis of type with the largest market share at 30% while the hemp fabric segment dominated the market on the basis of application with 24%. In recent years the area dedicated to hemp cultivation has increased significantly in the EU from 20,540 hectares in 2015 to 35,000 hectares in 2023 and 2024. In the same period, the production of hemp increased from 97,130 tonnes to 179,020 tonnes. France is the largest producer, accounting for more than 65% of EU production, followed by Germany (20%) and The Netherlands (6%).

Cannabis Business Plan Template Europe

We offer “70% ready to go” professional Cannabis business plan templates and Hemp/CBD business plan templates for European countries, including pro forma financials with projections to answer the fundamental, and critical questions of how much money it will take to start your cannabis business and how much your 100% legally compliant medical or recreational cannabis business will make. We also have a range of cannabis pitch deck templates.

Cannabis Financial Model, Sample

cannabis business plan Europe

Cannabis Business Plan Sample Europe

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