Amsterdam's Red Light District: Lights Out for Street Weed, Tourists Unfazed, Coffee Shops Happy
Portfolio Pulse from Joana Scopel
Amsterdam's Red Light District will ban marijuana smoking on its streets starting May 25, with violators facing a €50 fine. Tourists remain unfazed, and coffeeshops expect increased revenue as customers stay inside longer. The European medical marijuana market is projected to reach over €550 million in sales by the end of this year.
May 22, 2023 | 10:08 pm
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Amsterdam's street marijuana ban may not directly impact Curaleaf Holdings, but the growing European medical marijuana market, projected to reach €550 million in sales by year-end, could benefit the company.
While the street marijuana ban in Amsterdam's Red Light District may not directly affect Curaleaf Holdings, the company could benefit from the overall growth of the European medical marijuana market. The market is projected to reach €550 million in sales by the end of this year, indicating a potential increase in demand for Curaleaf's products in the region.
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