Cannabis
Cannabis Imports in Germany Increased in 2022, but Growth Rate Has Slowed
In principle, medical cannabis can be imported from any state that carries out the cultivation of cannabis for medical purposes under legal control and offers cannabis in medicinal quality. Cannabis for medical and scientific purposes was imported from a total of 17 countries in 2021. The largest supplier is Canada, followed by the Netherlands. In third place is Denmark.
Germany imported a record amount of medical cannabis in 2022, according to data from the BfArM (Federal Institute for Drugs and Medical Devices). Nearly 25,000 kilograms of cannabis were imported for medical and scientific purposes in the form of dried flowers and extracts in 2022.
That represents an increase of nearly 20% of cannabis imports in Germany, over the 20,771 kilograms imported in 2021. In 2021, imports still increased by a whopping 77% compared to 2020. The growth rates for 2020 and 2019 were 46% and 80%, respectively. So growth compared to previous years has slowed significantly.
Consequently, while the cannabis import business is booming, a closer look reveals that 2022 annual import growth has slowed significantly since BfArM began collecting cannabis import data in 2017.
Read more on the subject and find other important cannabis news from around the world with Hemp.im mobile app.
Germany consumed record amounts of cannabis on prescription in 2021
Around 9,000 kilograms were delivered to German pharmacies in 2021. The Union had asked the Federal Ministry of Health for information. What is striking is that not only are record amounts being consumed, but the increase in demand is increasing rapidly.
Between about 7 and 9 kilograms were needed in 2011. In the last five years alone, demand has increased from 157 to 9,000 kilograms.
Declining demand for medical cannabis in Germany, pricing pressures, and increasing competition are possible causes
For example, reimbursements for medical cannabis in Germany have been relatively stagnant since 2020, according to the GKV-Spitzenverband. In addition, a large proportion of these imports appear never to have reached patients.
The reasons are possible to be found in the sometimes poor quality. Also, the prices of medical cannabis have been criticized more often. Many patients cannot afford the treatment costs and the drugs from the pharmacy for financial reasons.
The black market can still score points here by selling the cannabis here often even at half the pharmacy price. The high rejection rate of health insurance companies, which is to the disadvantage of patients, can also be listed as a reason.
In principle, medical cannabis can be imported from any country that carries out the cultivation of cannabis for medical purposes under state control in accordance with the 1961 Single Convention on Narcotic Drugs and can offer medicinal-quality cannabis. The Federal Opium Agency issues the necessary permits and permits to companies interested in importing medicinal cannabis. To do this, they must submit the appropriate applications and meet the necessary requirements.
Cannabis for medical and scientific purposes was imported from a total of 17 countries in 2021. The largest supplier is Canada, followed by the Netherlands. In third place is Denmark.
The import quantities of cannabis for medical and scientific use have been increasing continuously since 2017. In 2021 around 20.6 tons were imported for medical and scientific purposes in the form of dried flowers and extracts.
Despite slower growth, Germany remains an important market for the medical cannabis trade.
__
(Featured image by Nataliya Vaitkevich via Pexels)
DISCLAIMER: This article was written by a third-party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in HanfJournal, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Biotech3 days ago
Novo Nordisk Completes Acquisition of Catalent and Accelerates with Wegovy
-
Fintech2 weeks ago
Pennylane and Defacto Strengthen Alliance to Facilitate Instant Payments for SMEs
-
Impact Investing1 week ago
Greenway Registers 11.3% Net Profit in 2024
-
Africa5 days ago
Agadir Has a Record Number of Tourists in Sight