Germany’s Medical Cannabis Boom: Prices Drop Below $4.20/Gram, Prescriptions Surge 1,000%
Germany’s medical cannabis market experienced remarkable advancements in 2024, marked by unprecedented affordability, record-breaking prescription growth and enhanced patient access. A new report by Frankfurt-based medical cannabis company Bloomwell GmbH, titled “The Cannabis-Barometer – 2024 Medical Cannabis Market Trends in Germany,” offers insights into these developments, supported by extensive real-world data.
Price Drops Fuel Affordability And Access
The reclassification of medical cannabis as a non-narcotic on April 1, 2024, catalyzed significant market changes. Initially, prices per gram rose due to regulatory adjustments but began a steady decline by June. By the fourth quarter, prices reached historic lows, with some strains available for as little as €3.99 ($4.16) per gram. The average price also fell, from €9.27 per gram in January to €8.35 by November. According to Bloomwell’s co-founder and CEO Dr. Julian Wichmann, “Accessible cannabis therapy offers significant public health benefits. Thanks to digital platforms, patients now have reliable, physician-supervised, and straightforward access to medical cannabis.”
These price reductions were …