Germany celebrated the fifth anniversary of medical cannabis legalization. It has been an eventful five years with plenty of challenges and limitations to navigate, overcome and learn from. During the five-year run, Germany’s medical cannabis market has experienced falling prices, consolidation and a supply that has at times failed to meet the population’s growing demand within the first two years of its rollout. However, many are optimistic that the planned legalization of adult-use cannabis in Germany will be the cure-all and bring new growth and investment opportunities to the market. With Germany poised to be the largest adult-use cannabis market globally and the adult-use market likely to come online by 2024, it’s crucial that the updated program be set up for success. That means relying on the expertise of the select leading companies that have efficiently navigated through and scaled their businesses in the current challenging market. With the global cannabis market predicted to reach more than $61 Billion USD in 2026, according to BDSA’s Briefing on Legal Cannabis Forecast, now is the time for Germany to create the most progressive adult-use program to date and finally take the reigns of the global industry.
Cannabis Business Executive – Cannabis and Marijuana industry news, 03/15/2022 08:26:00