This European Country Could Lose $242M A Year If It Doesn't Regulate Its Marijuana Market, Study Finds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
0mins
Source: Benzinga
Economic Impact of Cannabis Legalization: A study from the University of Prague suggests that the Czech Republic could gain up to €218 million annually by establishing a regulated marijuana market, with a comprehensive model yielding the highest social benefits compared to other proposed reforms.
Market Expansion by Cannabis Operators: Several cannabis companies, including Curaleaf and Tilray, are expanding their presence in the Czech Republic, indicating a growing interest in the medical cannabis market despite the lack of a regulated framework.
Analyst Views on WEED
Wall Street analysts forecast WEED stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEED is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 19.760
Low
Averages
High
Current: 19.760
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
