Cannabis is the new gold rush. It’s an industry with an almost comical level of rapid growth, with cannabis spending estimated to hit $57 billion worldwide by 2027.
France still has some of the most stringent anti-cannabis regulations in Europe but things are slowly changing, opening up huge opportunities in the world’s seventh largest economy (France’s GDP growth has recently been overtaken by India and it has dropped from sixth place).
It is more than four months since Canada legalized recreational cannabis but entrepreneurs acting within the law in that sector continue to face hurdles and discrimination when looking for a financial institution.