German and EU market opportunity

Germany


There are medical cannabis supply deficiencies throughout the EU resulting from the limited number of cannabis producers that have been issued EU-GMP certificates. The retail price for medical cannabis in Germany in pharmacy currently lies around €95-115 per 5g package, resulting in a retail price of ca. €20 per gram.

In 2017, medical cannabis was legalized in Germany. Currently there are about 40,000 patients in Germany. In countries such as Canada, Netherlands, Israel and US with years long MC legalisation (Canada 10 years), medical cannabis patient numbers lie around 1% of population. Thus, it is forecasted to reach around 800k- 1M in Germany (80M total population). Market projection for 2028 is around €7.7bn. ⅔ of patients have full cost of medical cannabis reimbursed by health insurances. This means, the German market only reached around 5% of its potential to-date.


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