Germany Cannabis Testing Services Market Size & Outlook
Germany cannabis testing services market, 2018-2030 (US$M)
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Germany Cannabis testing services market insights
- The Germany cannabis testing services market generated a revenue of USD 41.1 million in 2023.
- The market is anticipated to grow at a CAGR of 23.2% from 2024 to 2030.
- In terms of segment, potency testing was the largest segment in 2023.
- Potency Testing is the most lucrative product segment registering the fastest growth during the forecast period.
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Cannabis Testing Services Market Scope
Cannabis Testing Services Market Companies
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Germany cannabis testing services 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 cannabis testing services market will help companies and investors design strategic landscapes.
The German government legalized cannabis in 2017 and established the National Cannabis Agency as a part of German Federal Institute for Drugs and Medical Devices (BfArM). The government started a tender process where cannabis companies could apply for a cultivation license.
On 18 July 2018, BfArM’s cannabis agency established a new one-step application process, in which applicants of the first tender process could use their previous documentation. BfArM changed the precondition for application: the older need for a referral from experts was changed to requiring experience in growing and processing medicinal plants.
The National Cannabis Agency further increased the quantity of cannabis that could be cultivated annually, from 1,000 kg per year to 2,600 kg per year. The new law expands access to cannabis and favors its domestic production.
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Our clientele includes a mix of cannabis testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany cannabis testing services market, including forecasts for subscribers. This country databook contains high-level insights into Germany cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cannabis testing services market size, by service type, 2018-2030 (US$M)
Germany Cannabis Testing Services Market Share, 2023 & 2030 (US$M)
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