Cannabis is now being removed from Germany’s Narcotics List according to the new law. De-listing of cannabis in Germany will remove several hurdles in the medical cannabis supply chain.
The European medical cannabis industry is projected to reach over €516 million in sales by the end of 2023. Key market facts for consumers, legislation & production.
Legalization of the sale and possession of recreational cannabis in several European countries is set to create a legal market forecast to be worth €1.6 billion by 2027.
Cannabis legalization efforts in Germany is great news since it will make medical cannabis products more accessible & increase medical cannabis market.
Medical cannabis processing facilities will begin operations in Greece in July – October 2022. Europe's medical cannabis processing plant will start in July.
The Greek Investment Incentives Law and the RRF support investments by offering grants and low interest rate loans for the green transition of these facilities.
We present the most important industry trends of the European market for medical cannabis products for 2022. Which are the major challenges and opportunities?