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Rachel Wright (Courtesy photo)
With Germany’s cannabis market speedily evolving and open to international players, U.S. cultivators now have an excellent opportunity to get into a market that is already lucrative and a springboard into the rest of the European Union.
Even though American marijuana growers can’t yet export directly to the EU, now is an ideal time to explore the German market and get ahead of the inevitable wave to come.
For any U.S. cultivators considering Germany, here are eight need-to-know facts:
1. Germany is Europe’s largest market
Germany’s marijuana market is the largest in Europe, valued at over 1 billion euros (roughly $1.03 billion) annually and projected to grow significantly after the country in 2024 legalized a limited adult-use cannabis market and expanded its medical marijuana program.
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