Germany’s Cannabis Industry Hits 500 Million Euros: 2,500 Pharmacies Now Dispense, 211 Grow Clubs Approved

Germany’s cannabis landscape continues evolving at a rapid pace. From extensive pharmacy access to a surge in cultivation associations, the country’s dual-track model—medical and non-commercial adult use—has turned it into one of the most closely watched cannabis markets in the world.

Still, many in the industry argue that restrictive EU regulations are preventing Germany from reaching its full potential.

1 In 7 Pharmacies Now Dispenses Medical Cannabis

As reported by ICBC, roughly 2,500 of Germany’s 17,000 pharmacies now offer medical cannabis products—a dramatic expansion since legal access began in 2017. Patients can also order cannabis online with a private prescription and have it delivered directly to their homes.

According to the German Cannabis Business Association (BvCW), the country’s legal medical cannabis revenue is now estimated at around half a billion euros annually.

Yet that number only scratches the surface of the market’s potential. At ICBC Berlin, economist Beau Whitney presented data showing flower and extract sales dominate the German market due to a ban on edibles and other product formats. For comparison, U.S. 4/20 sales were only 41% flower, with the rest divided between vapes,

Full story available on Benzinga.com

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