Germany imported a record amount of cannabis for medical sales and scientific use in the first half of this year, putting the European Union’s biggest market on pace to match or possibly surpass 2021’s total.
The data paints a picture of a medical market that is growing consistently, though not at the blistering pace some analysts had forecast amid the cannabis stock market mania of 2018-20.
ADVERTISEMENT
Separate data also shows Canada’s role as the country’s top supplier has waned as competition to supply the prized, if still small, German market intensifies.
Cannabis companies in Denmark, the Netherlands and Portugal also supply the German market.
Imports of dried flower and extracts through the first six months of 2022 equaled 10,487 kilograms (11.6 tons), which is 6.1% higher than the first half of last year, when 9,840 kilograms were imported, according to the data from the Federal Institute for Drugs
Read full article on Marijuana Business Daily
