Germany Legal Marijuana Market Size & Outlook, 2023-2030
Germany Legal Marijuana Market, 2018-2030 (US$M)
Global Market
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Germany legal marijuana market highlights
- The Germany legal marijuana market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 20.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 23.1% from 2024 to 2030.
- In terms of segment, medical use was the largest revenue generating application in 2023.
- Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.
Legal marijuana market data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 20.0 million |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals |
Other key industry trends
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Switzerland legal marijuana market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 625.5 million by 2030.
Germany passed a law legalizing medical marijuana in January 2017. Through this law, people with several illnesses can obtain medical marijuana via prescription. The law also enables physicians to prescribe medical marijuana to patients whose symptoms can be alleviated through marijuana.
Medical marijuana was imported to Germany from other countries, But in 2019, three companies; Aurora Produktions GmbH, Aphria Deutschland GmbH and Demecan GmbH have received license from BfArM for the production of marijuana in the country.
Legalization of medical marijuana in Germany is one of the biggest opportunities for the medical marijuana producers. The huge population of Germany and high demand for medical marijuana have rendered the market the most lucrative in the world.
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Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| MediPharm Labs Corp | View profile | 166 | 151 John Street, Barrie, ON, Canada, L4N 2L1 | www.medipharmlabs.com |
| GW Pharmaceuticals | View profile | 51-100 | Histon, Cambridgeshire, United Kingdom, Europe | gwpharm.com |
| Wayland Group Corp | View profile | - | 845 Harrington Court, Unit 3, Burlington, ON, Canada, L7N 3P3 | www.waylandgroup.com |
| Lexaria Bioscience Corp | View profile | 3 | 740 McCurdy Road, Suite 100, Kelowna, BC, Canada, V1X 2P7 | www.lexariabioscience.com |
Germany Legal Marijuana Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Legal Marijuana Market Outlook will help companies and investors design strategic landscapes.
Medical Use was the largest segment with a revenue share of 91.49% in 2023.
Horizon Databook has segmented the Germany legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
Germany passed a law legalizing medical marijuana in January 2017. Through this law, people with several illnesses can obtain medical marijuana via prescription. The law also enables physicians to prescribe medical marijuana to patients whose symptoms can be alleviated through marijuana.
Medical marijuana was imported to Germany from other countries, But in 2019, three companies; Aurora Produktions GmbH, Aphria Deutschland GmbH and Demecan GmbH have received license from BfArM for the production of marijuana in the country.
Legalization of medical marijuana in Germany is one of the biggest opportunities for the medical marijuana producers. The huge population of Germany and high demand for medical marijuana have rendered the market the most lucrative in the world.
- Germany Legal Marijuana Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical Use
- Adult Use
- Germany Legal Marijuana Market Product Outlook (Revenue, USD Million , 2018-2030)
- Flower
- Oil and Tinctures
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Legal Marijuana Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Legal Marijuana Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Legal Marijuana Market, 2018-2030 (US$M)
Germany legal marijuana market statistics, by application, 2018-2030 (US$M)
