There has been a boom in European cannabis investment activity in 2021, with a 130 percent increase in private fundraising and a 50 percent increase in public market opportunities in the first six months alone. As of June 2021, total investment across legal European cannabis sectors stands at an estimated 1.2 billion euros.
A new report titled “The European Cannabis Investment Ecosystem” by European cannabis consultancy Hanway Associates, in partnership with global law firm DLA Piper, Swedish cannabis investment fund Enexis, and London-based investment bank Hannam & Partners, with brand-new data provided by Crunchbase and Seedrs, analyzes the European cannabis investment ecosystem for the first time – documenting the scope and scale of major investment and deal flow in the emerging sector.
Venture capital dominates European cannabis investment landscape
As European nations come round to cannabis – in the form of medicinal cannabis prescriptions, consumer CBD and recreational reform the European cannabis investment ecosystem is starting to take shape. The first six months of 2021 alone saw nearly 120 million euros raised for cannabis operations through private transactions and 56.5 million euros through public markets. VCs now make up over 42 percent of publicly announced investments, surpassing angel and high-net-worth investors as the most common investor type.
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