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This article by Corey Noles was originally published on Cannabis & Tech Today, and appears here with permission. The UK is now the largest producer and exporter of legal cannabis in Europe, according to a new report. The report, released by released ResearchandMarkets.com, is titled   The European market is expected to reach $37 billion by 2027 from $3.5 billion in 2019; it is anticipated to grow at a CAGR of 29.6% from 2020 to 2027. The growth of the market in this region is attributed to the upgrading of regulations for medical cannabis and growth of the cannabis industry as well as an i...

European Cannabis Market Report 2020-2027: UK has Emerged as the Largest Producer and Exporter of Legalized Cannabis ResearchAndMarkets.com's offering. The Europe cannabis market is expected to reach US$ 36,997.1 million by 2027 from US$ 3,498.1 million in 2019; it is anticipated to grow at a CAGR of 29.6% from 2020 to 2027. The growth of the market in this region is attributed to the upgrading of regulations for medical cannabis and growth of the cannabis industry. However, challenges related to cannabis hinder the market growth. The European countries are experiencing transformation in t...