LONDON – In the midst of COVID-19 the international community faces the prospect of a deep recession which could be on par with the 2007 crash. As a result, economists, analysts and entrepreneurs are looking for the next true growth market to help reboot reeling markets and create sustainable growth across the consumer goods industry. What prominent economists have been saying for years is now becoming commonplace in political circles: cannabis could offer a massive boost to national economies. Just last week, the Economic Recovery Committee of the Bahamas recommended legalizing hemp and cannabis as part of the countries recovery efforts, mirroring events in the US states such as New York and Pennsylvania.
The result of last week’s US election is good news for the cannabis world, with Democrats Joe Biden and Kamala Harris leading the US government for the next four years. Biden and Harris intend to at least decriminalize the use of cannabis at the federal level. As well as this, we have seen adoption of legalized adult-use cannabis in four states by ballot measure, bringing the total to 15 fully legalized US states. However, there is a lot of work to be done, the market is still rife with misinformation and a lack of global data and outdated regulations has limited growth.
As a result, Prohibition Partners LIVE is bringing together over 1500 delegates from every corner of the globe, for a week-long virtual series of disruptive debate and global networking set to help shape the future of psychedelics and cannabis. The event features prominent speakers such as professor David Nutt of DrugScience, former NBA star Al Harrington and member of the UK Parliament Crispin Blunt.
Set to take place November 17-20, the series will see politicians, business leaders and cultural icons share information, exchange ideas and push forward regulatory change across four key tracks:
- Cannabis Europa – Shaping the future of cannabis in Europe, Cannabis Europa will take a deep look at the future of cannabis in Europe; sustainability farming, personalized medicine and future adult-use markets across the continent.
- Cannabis Americana – Unlocking growth in the world’s most advanced cannabis markets, Cannabis Americana will explore record recreational sales, future-proofing cannabis businesses and how cannabis is disrupting FMCG markets.
- Cannabis Oceania – Accelerating development across APAC, Cannabis Oceania will explore how cannabis firms can unlock potential in Asia and how Australian firms are faring on the international scene.
- PSYCH – Unlocking the commercial potential of psychedelics, PSYCH will examine how new therapies are tackling the mental health pandemic, why microdosing is set to disrupt the mainstream and how legislation is expected to develop in seminal markets.
“There has never been a time where the demand for cannabis has been higher, from record sales to groundbreaking research being released, the future of cannabis looks very bright. Despite a pending recession, cannabis will remain one of the few true growth industries and that should be of interest to investors and governments alike. Having received such a rapturous reception with our inaugural conference in June, with over 1500 delegates joining to share ideas, spark innovation and promote change, we couldn’t wait to be back. We believe that cannabis has the power to change the world for the better and in such a rapidly moving industry which requires constant education, regulatory clarity and international collaboration and Prohibition Partners LIVE offers the building blocks for this incredible community.” said Stephen Murphy, Managing Director of Prohibition Partners.
Tickets are on sale now on the Prohibition Partners LIVE website. Stay tuned for more information.
ABOUT PROHIBITION PARTNERS LIVE:
Prohibition Partners LIVE is the leading virtual cannabis conference, connecting you to the international cannabis industry from anywhere in the world. This November 17th – 20th, Prohibition Partners LIVE is bringing together the global cannabis and psychedelics community for a virtual week of disruptive debates and global networking. We deliver disruptive debate, transformative knowledge and truly global networking to help unite these growth markets, without the risk of travel.