Aurora Cannabis Stocks Declared as the New Bitcoin, and Croatia is Running Behind Again

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I would bet that in ten years recreational cannabis in the European Union will be legal, said Ognjen Brborović, chairman of the Medical Cannabis Commission of the Ministry of Health at the panel ‘I $ U Mary Jane’. Brborovic’s conclusion is based on the estimates that the market for recreational cannabis in the EU by 2028 will be worth as much as 60.3 billion euros.

If nothing else, huge profits will make institutions change. Estimates show that in the year 2028 the European cannabis market will total 115.7 billion euros, and the medicinal cannabis market will be worth 55.2 billion euros. Numerous pharmaceutical companies are developing new cannabis-based drugs. Heineken has already made a beer with marijuana, and it was announced that  cannabis Coca-Cola might be coming out soon. Furthermore, in the cosmetics industry, Estée Lauder recently announced a line of cannabis-based products.

„The stocks of the largest medicinal marijuana producer, Aurora Cannabis, have been declared the new bitcoin due to its exponential growth“, stated Brborović.

Medicinal cannabis has become more of a question of procedure in most countries, but in Croatia, it still cannot be purchased in a pharmacy. Brborovic is highly optimistic because Croatia just released an e-counseling law two days ago that would allow cannabis to be planted for medical purposes. And while Croatia is moving at a slow, maybe in his opinion, too slow step forward, the legalization of recreational cannabis is being seriously considered around the world.

It is legal in several US states, Canada, Columbia, Uruguay, while the EU is expecting to legalize cannabis in Portugal and Spain.

As well as explaining obvious benefits Croatia might have from legalizing marijuana, Brborovic also emphasized its historical context. Until the beginning of the 20th century cannabis was not prohibited, but in 1961, 73 countries signed the UN Convention on Narcotic Drugs. An integral part of the convention was the List of Narcotic Drugs where cannabis was placed in a group of substances that have the strongest addictive potential and no medical properties. Nevertheless, he underlined that the Convention states that “the use of drugs for medical purposes is necessary and should not be unreasonably restricted”.

A new moment occurred in 1976 when Robert Randall was granted cannabis use by a court order. In 1990, with the discovery of cannabinoid receptors by Miles Herkenham, the use of cannabis in modern medicine gained even greater attention. Soon after, in the first half of the nineties, the Dutch health minister Els Borst, as a major advocate of medical cannabis, approved its planting and thusly encouraged a new wave of change in the perception of its use.