- World High Life (NEX: LIFE) will enter the promising German cannabis market by 2020 on its path to conquering the European cannabis sector
According to a forecast by the British analysis company Prohibition Partners, the German cannabis market is expected to generate billions in sales by 2028.
Since the German government gave the go-ahead for the prescription of medical cannabis in March 2017, more and more patients want to use cannabis for the treatment of various complaints and diseases.
In 2018, health insurance companies recorded cannabis prescriptions amounting to €74 million. According to a forecast by the same British analysis company this trend is set to continue.
The Germany Cannabis Report published by the cannabis specialist market research company predicts a market potential of €7.7 billion for the German cannabis market by 2028.
It is expected that the number of patients will continue to rise in the next five years. An estimated 60,000 people in Germany currently receive cannabis on prescription.
Germany is the largest cannabis market in Europe. It is assumed that the country will play a central role in the growth of the cannabis industry on a European and global level. That is why companies from abroad see it as a huge opportunity.
World High Life wants to take full advantage of the German cannabis market
One of the companies that want a seat at the table in the German cannabis market is World High Life (NEX: LIFE). The company’s stated goal is to become the world’s most important CBD and medical cannabis player. The main focus of the company is to identify investment opportunities and to acquire companies that are operating within the burgeoning legal medicinal cannabis, hemp and CBD industries.
To this end, World High Life has acquired UK’s leading CBD company Love Hemp Ltd. in an all-shares transaction valued at 9 million GBP. Love Hemp produces a variety of CBD products such as sprays, vapes, oils, edibles, CBD-infused beverages, and cosmetics. Love Hemp sells its products in 1,200 UK high street stores. Additionally, the company has agreements with big companies such as Boots, Tesco, Superdrug and Sainsbury’s.
With Love Hemp, WHL plans to expand into other European markets, starting with Germany in 2020. Created by the founders of two of North America’s top cannabis companies, Supreme Cannabis (TSX: FIRE) and 1933 Industries (CSE: TGIF), World High Life PLC (NEX: LIFE) brings hard-won experience from the cannabis battlegrounds of North America and applies it to European markets.
World High Life is an investment company. This means that the company uses its expertise to identify and invest in emerging cannabis companies that other investors might miss. By leveraging a single stock, investors will be able to access a portfolio of the top cannabis and CBD companies in Europe and the UK.
Now is the perfect time for investors to take advantage of the cannabis industry, and companies like World High Life are the right choice thanks to the incredible opportunities the company offers.