Compared to the U.S.—where 40 states have legalized medical use and 24 states permit recreational use—which generated $32 billion in annual legal cannabis sales last year, Europe’s #cannabis market is about the size of New Jersey’s #marijuana economy. But the potential upside and sensible regulations that allow cannabis to be grown in Spain and Portugal and exported to other countries legally, has created a solid economic thesis for companies to invest hundreds of millions of dollars in the burgeoning #EUcannabis industry. “The growth is slow, but policies are practical,” Beau Whitney, the founder of cannabis data firm Whitney Economics, says of Europe’s legalization rollout. “and they have common sense regulations.” Tap the link in the bio for our guide to medical marijuana and recreational use laws across the continent and the United Kingdom. (Illustration: Samantha Lee for Forbes; Photos: Rustamank, Yarphoto via Getty Images)