Higher Yields Cannabis Consulting Expands Globally

The Company Will Establish an Office in Portugal
to Bring More Cannabusinesses into the European Market

 

DENVER – September 14, 2022 – Higher Yields Cannabis Consulting (Higher Yields), a premier Denver-based cannabis consulting firm, has announced that it is increasing its presence in Latin America and Europe. The company has signed a lease in Lisbon, Portugal to expand its involvement in the European cannabis market.

The international cannabusiness consulting firm has deep experience in the legalization of cannabis in the United States and globally. Higher Yields is executing its strategic alignment and global expansion plan by securing its place atop the international cannabis market. By expanding its global footprint, the company will continue its long tradition of supporting cannabis businesses in understanding how to successfully enter the marketplace and expand their current businesses while delivering exceptional products and services to their customers.

“Our mission is to advocate for the global acceptance of cannabis; to help people understand the medicinal and economic benefits,” says Higher Yields Chief Executive Officer Cory Waggoner. “We create safe and sustainable programs to ensure cannabis products are safe and clean for medicinal use.”

A recent study by Grand View Research shows that the international (legal) cannabis market was valued at $17.8 billion in 2021 and is expected to expand at a compound annual growth rate of 25.3% from 2022 to 2030.

“We bring an elevated standard of compliance, sourcing experience, and business development expertise to those who seek to establish and advance their own business in the thriving cannabis industry,” says Higher Yields Chief Revenue Officer Anthony Adkins.

Higher Yields’ executives are attending two major conferences–the Latam Cann.Biz event in Panama and the Benzinga Cannabis Capital Conference in Illinois–to meet with industry leaders and are traveling to Europe in September 2022 to meet with clients. Executives will meet with US expansion team members from Bulldog consumption lounge in Barcelona and Ibiza to tour their current operations and discuss multiple consumption lounge projects for the United States.

Additionally, Higher Yields will tour potential offices in Panama to increase its presence and involvement in the Latin America cannabis market.

Cannabis is a plant that has existed in the global arena long before its illegalization. The world is seeing an international movement to tear down the stigma associated with the plant and bring its medicinal properties to the broader market.

Higher Yields provides cannabis consulting services such as program creation, licensing, real estate, cultivation and retail management, business planning, facility design-build services, branding, marketing, compliance, banking access, and more. To learn more, visit https://higheryieldsconsulting.com/.

About Higher Yields Consulting

Higher Yields Consulting (Higher Yields) is a Denver-based, international cannabusiness consulting firm whose founding members have been successfully providing professional consulting services to the commercial cannabis and hemp industries since 2008. From licensing, real estate, cultivation management, business planning, facility design-build services, human resource services, branding, marketing, compliance, banking access, and more, Higher Yields has decades of combined experience working closely with clients across the booming cannabis industry. The company has overseen the design, build, and operations of nearly one billion dollars in cannabis facilities alone and offers an in-house marketing and branding team. Learn more and chat with us at higheryieldsconsulting.com.

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Media Contact

Jennifer Cronin

Trust Relations

higheryieldsconsulting@trustrelations.agency

New Developments for Cannabis in Europe

Higher Yields Consulting New Developments for Cannabis in Europe

Developments for cannabis in Europe appear to be about five to 10 years behind those in North America. It’s slow going, and while some European countries have legalized the use of cannabis, others are still not quite there.

Higher Yields Consulting New Developments for Cannabis in Europe

This creates an interesting dynamic where countries that aren’t yet on board with cannabis legalization may have difficulty policing the transport of cannabis over the border from those that have legalized it. 

Read on to learn more about new developments for cannabis in Europe. 

What’s New for Cannabis in Europe

Legislation for cannabis in Europe may be comparatively slow to develop, but we have seen some movement that indicates continued growth in the near future. Here are seven countries making headway in cannabis legalization.

Luxembourg

Having pledged in 2018 to create an adult-use program by 2023, Luxembourg has recently proposed legislation that would allow adults to keep up to four cannabis plants in their homes or gardens. 

Although the country was not the first European nation to legalize cannabis as initially anticipated, they’re still among the first to set this kind of legislation in motion. 

Germany

Germany has also recently announced plans to legalize cannabis for adult use, though details about specific regulations are still in flux. 

Since there is also talk of Germany becoming the first European nation to legalize the sale of adult-use cannabis, the country has potential to become one of the bigger importers and distributors of cannabis in Europe.

Malta 

The tiny island country of Malta was actually the first in the EU to legalize adult-use cannabis, which it did on December 14, 2021. 

The legalization allows for home grows of up to four plants, but does not permit public consumption or carrying more than seven grams of cannabis. Still, it’s a historic move that may influence progress in other European countries.

Spain

While cannabis is largely illegal in Spain, cannabis clubs have been generally tolerated, and the country is one of the largest producers of cannabis in Europe. 

Recently, however, legislation has been proposed for the legalization of medical marijuana in Spain. Whether the proposal will succeed remains to be seen.

France

In March of this year, France legalized medical cannabis and has been in the midst of medical trials since 2021.

Higher Yields Consulting New Developments for Cannabis in Europe


Any progress on the adult-use front is still very slow moving. 

UK

Neither medical nor adult-use cannabis is legal in the U.K. at this time.

Although the mayor of London, Sadiq Khan, recently set up a drug commission to discuss legalization, there’s not a lot of movement just yet.

Portugal

Portugal was among the first EU nations to legalize medical cannabis in 2018, and now, it looks like the country is on its way to legalizing adult-use, as well. 

That said, exact legislation and regulations have yet to be defined.

Looking Ahead

In some ways, the approach to cannabis in Europe is similar to that in the U.S., with some countries legalizing cannabis and others not yet, just as some states have legalized it and others have not. 

To better control black market operations, the EU will likely need to step in and set preliminary regulations around international trade and transport. Setting high standards of regulation would help cut down on black market growth and establish more sustainable programs for cannabis in Europe. 

Additionally, similar to Canada, more progressive attitudes toward health care could help medical cannabis act as a stepping stone to full legalization. 

Slow but Steady

While cannabis in Europe may be moving slower than in North America, that position also gives European programs the ability to learn from U.S. and Canadian developments and start their cannabis economies off strong. We anticipate a fairly smooth transition into legalization from here.

Looking for more updates on the cannabis industry? Visit our website today.