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Rovinj Becomes a Global Cannabis Hub in September

Rovinj will become the center of the cannabis industry in September! In this city, at the luxurious Park Hotel overlooking St. Euphemia and the old town, the organizers of the International Cannabis Business Conference (ICBC), one of the strongest organizations promoting cannabis worldwide, will hold a so-called Mediterranean retreat for the key stakeholders in the industry.

The retreat, or event in Rovinj, will include a Global Investment Forum for all potential investors who see their interest in this industry, where they will learn about the opportunities that this business offers. Over two days of the conference, all potential partners will connect, and judging by previous similar events organized by ICBC, there will be no shortage of business opportunities or global celebrities. Notably, their conferences attract not only business people from the industry but also representatives from various governments looking to attract such investors, as well as numerous potential investors who, despite inflation, will seek ways to multiply their assets in an ever-growing industry.

The organizers have not yet revealed who the official speakers will be in Rovinj, which is not surprising as they must first hold two events in Berlin and Zurich. The Berlin conference is the most important annual event for the organization, attended by over 5,000 visitors from 80 countries each year, and the event has as many as 350 official sponsors. This will also be the case this July.

The European cannabis market is reportedly growing at an annual rate of 30 percent, and by 2027, it is expected to reach a value of as much as 31 billion euros. According to these estimates, the German market alone could be worth over 8.5 billion euros by 2028, which is not surprising as 28 tons of cannabis were legally imported into that country in 2020. For all these reasons, the organizers predict that the European market will be the fastest-growing in the world and that European countries will more quickly and easily decide to decriminalize cannabis due to business opportunities.

In addition to the official part, the organizers will also host a kind of cannabis party in Rovinj, making this Istrian city undoubtedly a global cannabis hub in September.