Germany's medical cannabis sales to exceed $455M in 2024

Added on 18 October 2024

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Germany's medical cannabis sales to exceed $455M in 2024

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Medical cannabis sales in Germany are on pace to exceed a record 420 million euros (roughly $455.2 million) in 2024 and could reach 1 billion euros by 2028, according to “The German Cannabis Report” released Wednesday by Prohibition Partners, a London-based data and market intelligence company.

Sales of medical cannabis in state-licensed pharmacies in the European nation increased 30% in the third quarter of 2023 and accelerated more after new laws took effect in April, the report notes.