Until 4.6 billion euros by 2034. This is the value of the cannabis market in Germany estimated by a new analysis by The Niche Research.
Driving its sudden growth is the legalization of cannabis, which came into force last April, which is revolutionizing the entire European panorama.
In fact, if it was at the beginning of July the first Cannabis Club in the country opened, the German government is already working on the second phase of legalization. Which provides a regulated national market and thousands of new jobs expected.
Germany: Europe's largest cannabis market
Even before recreational legalization, Germany, with over 230 thousand patients and 390 million euros of medical cannabis sold, it had the largest green market in Europe. Which is divided into different segments.
In particular, the sector of CBD oils and extracts is enjoying more and more success, given the therapeutic effects of cannabidiol confirmed by scientific research. Especially among people looking for a more natural and healthy alternative to classic drugs.
But according to the report, the products sector with the most growth is the one with THC. The main reason? Patients (always increasing) who regularly use cannabis as therapy effective for the treatment of countless pathologies.
