Germany dramatically liberalized its medical marijuana program this year by removing cannabis from its narcotics list, a change that makes it much easier to obtain a physician’s prescription for the drug.
As a result of this change, Germany’s medical cannabis patient numbers are climbing quickly, and some operators estimate those numbers will grow from a few hundred thousand patients to a few million in a year or two.
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Canada was in a similar – but not identical – situation in 2018, when it launched a recreational market nationwide.
Licensed cannabis operators expected millions of new consumers, and in response, they raised millions of dollars to build cultivation facilities to meet the expected demand.
But demand has failed to reach anticipated levels, leaving Canada
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