Germany Legal Cannabis Market Size & Outlook, 2023-2030
Germany legal cannabis market, 2018-2030 (US$M)
Related Markets
Germany legal cannabis market highlights
- The Germany legal cannabis market generated a revenue of USD 32.8 million in 2023 and is expected to reach USD 85.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, hemp was the largest revenue generating source in 2023.
- Marijuana is the most lucrative source segment registering the fastest growth during the forecast period.
Legal cannabis market data book summary
| Market revenue in 2023 | USD 32.8 million |
| Market revenue in 2030 | USD 85.6 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Marijuana, Hemp |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Aphria Inc, The Cronos Group, Tilray Brands Inc, Sundial Growers, Insys Therapeutics, The Scotts Miracle Gro Co Class A, MediPharm Labs Corp, Cara Therapeutics Inc, GW Pharmaceuticals |
Other key industry trends
- In terms of revenue, Germany accounted for 0.1% of the global legal cannabis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Switzerland legal cannabis 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 1,206.7 million by 2030.
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Legal Cannabis Market Scope
Legal Cannabis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany legal cannabis 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 cannabis market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 85.67% in 2023. Horizon Databook has segmented the Germany legal cannabis market based on marijuana, hemp 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.
However, in 2019, three companies Aurora Produktions GmbH, Aphria Deutschland GmbH, and Demecan GmbH received license from BfArM for the production of marijuana in the country.
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Our clientele includes a mix of legal cannabis 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 legal cannabis market , including forecasts for subscribers. This country databook contains high-level insights into Germany legal cannabis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany legal cannabis market size, by source, 2018-2030 (US$M)
Germany Legal Cannabis Market Outlook Share, 2023 & 2030 (US$M)
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