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Share: Medical cannabis tech accelerator TechforCann Europe announced this week that it raised 2.5 million euros ($3 million) from Malta Enterprise, the island s governmental innovation agency. The organization will seek to support early stage entrepreneurs in the European medical cannabis market, which is expected to reach more than $36 billion in sales by 2027, growing at a CAGR of almost 30%. “At TechforCann Europe we believe that technology can address industry challenges that remain a barrier of entry to the biotech, pharma and high-tech sectors to enable growth,” CEO Lilac Mandeles told Benzinga. “The European cannabis market is mainly for medical use and includes specific regulatory and industry-challenging requirements,” she added.

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