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The German cannabis company Cansativa raised $15 million from investors this month. The funding round is an indication that investors are looking beyond the US.", "slideCount": 11, "companyName": "Europe", "description": "Investors are turning to Europe as the possibility of recreational cannabis shows promise. The German cannabis company Cansativa raised $15 million from investors this month. The funding round is an indication that investors are looking beyond the US. As Europe inches toward cannabis reform;; companies and investors are gearing up to get in early on what could become a huge market. Cannabis is legal for medical purposes in many countries in Europe;; but in recent months;; a handful of nations have signaled their intentions to legalize recreational cannabis. Malta now allows cannabis for personal use;; and residents are allowed to grow plants at home. Other countries — like Germany;; Luxembourg;; and Italy — may also legalize in the coming months. The German cannabis company Cansativa;; which operates within the country's medical marketplace;; is gearing up to meet potential demand. Cansativa said in February that it had raised a $15 million Series B round from investors. The US cannabis venture-capital firm Casa Verde led the round. The Cayman Islands' Argonautic Ventures and Munich's family office Alluti also participated. Last year;; investors poured $2.7 billion into cannabis startups;; up from $1.5 billion in 2020;; according to the data provider PitchBook. Of that $2.7 billion;; over 85% went into US companies;; a sign that investors are broadly focused on the US;; even though cannabis isn't federally legal. Cansativa's facilities in Mörfelden-Walldorf;; Germany. Cansativa But Cansativa's funding round marks a growing shift in where cannabis investment dollars may go geographically in the coming years. The venture-capital firm Óskare Capital in Paris told Insider this month that it was raising a 150-million-euro fund (about $171 million) to chase down deals in the emerging European cannabis market. The US cannabis giant Curaleaf acquired the cannabis company EMMAC Life Sciences in a $286 million stock and cash deal last year to enter the European market. Cansativa offers tools and products through its platform that allows dispensaries;; suppliers;; and growers in the German cannabis supply chain to navigate the highly regulated market. Benedikt Sons;; Cansativa's managing director and CEO;; told Insider that while a large portion of the funding would be focused on growing the company's team and building out its platform for the medical market;; a significant portion of the money would be earmarked for the expected recreational market in Germany. \"This is a tipping point in history;;\" Sons said. \"We've already proved that we know how to crack a new regulatory system and framework;; and now we just have to do it again within the adult-use and recreational market.\" Cansativa shared with Insider the 11-slide presentation it used to raise $15 million from top cannabis VCs. Some financial figures were removed in this version. 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