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{"id":16917,"date":"2023-01-20T22:54:44","date_gmt":"2023-01-20T22:54:44","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/techcrunch-roundup-musks-twitter-bid-european-cannabis-survey-borrowing-against-nfts\/"},"modified":"2023-01-20T22:54:45","modified_gmt":"2023-01-20T22:54:45","slug":"techcrunch-roundup-musks-twitter-bid-european-cannabis-survey-borrowing-against-nfts","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/techcrunch-roundup-musks-twitter-bid-european-cannabis-survey-borrowing-against-nfts\/","title":{"rendered":"TechCrunch+ roundup: Musk\u2019s Twitter bid, European cannabis survey, borrowing against NFTs"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/04\/15\/techcrunch-roundup-musks-twitter-bid-european-cannabis-survey-borrowing-against-nfts\/<\/a><\/br>
\nTechCrunch+ roundup: Musk\u2019s Twitter bid, European cannabis survey, borrowing against NFTs<\/br>
\n2023-01-20 22:54:44<\/br><\/p>\n

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The United States is the world\u2019s largest cannabis market, but as more European countries consider legalizing recreational use, investors are looking for opportunities in production, distribution and retail.<\/p>\n

Much like the U.S., laws governing this plant-based drug differ across the EU, which means entrepreneurs must navigate complicated legal frameworks even as they compete with an enormous black market.<\/p>\n


\n

Full TechCrunch+ articles are only available to members
Use discount code TCPLUSROUNDUP<\/strong><\/a> to save 20% off a one- or two-year subscription<\/i><\/p>\n


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But for those with a high tolerance for risk, starting up in a largely unregulated industry is an easy choice: Europeans spend an estimated \u20ac9 billion per year on illegal cannabis, and the market for unlicensed medical cannabis is predicted to reach \u20ac354 million in 2022.<\/p>\n

For our latest investor survey, we contacted eight investors who are actively signing checks for cannabis tech companies<\/a> and asked them to tell us what they\u2019re looking for, how they measure success, and the best way founders can get their attention.<\/p>\n