Medical cannabis sales in Germany are on pace to exceed a record 420 million euros (roughly $455.2 million) in 2024 and could reach 1 billion euros by 2028.
That’s according to “The German Cannabis Report” released Wednesday by Prohibition Partners, a London-based data and market intelligence company.
ADVERTISEMENT
Sales of medical cannabis in state-licensed pharmacies in the European nation increased 30% in the third quarter of 2023 and accelerated more after new laws took effect in April, the report notes.
Cannabis laws in Germany – where the ruling coalition is fulfilling a 2021 campaign promise to legalize adult-use cultivation and sales of the drug – are among Europe’s most permissive.
Germany, which legalized medical cannabis in 2017, has 200,000-plus patients in a nation
Read full article on Marijuana Business Daily
