Germany Legal Marijuana Market Size & Outlook, 2023-2030

The legal marijuana market in Germany is expected to reach a projected revenue of US$ 20.0 million by 2030. A compound annual growth rate of 23.1% is expected of Germany legal marijuana market from 2024 to 2030.
Revenue, 2023 (US$M)
$4.7
Forecast, 2030 (US$M)
$20.0
CAGR, 2024 - 2030
23%
Report Coverage
Germany

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 2023USD 4.7 million
Market revenue in 2030USD 20.0 million
Growth rate23.1% (CAGR from 2023 to 2030)
Largest segmentMedical use
Fastest growing segmentAdult Use
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMedical Use, Adult Use
Key market players worldwideCanopy 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.

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Legal Marijuana Market Scope

Legal marijuana market segmentation & scope
Cancer
Chronic Pain
Depression and Anxiety
Arthritis
Diabetes
Glaucoma
Migraines
Epilepsy
Multiple Sclerosis
AIDS
Amyotrophic Lateral Sclerosis
Alzheimers's
Post Traumatic Stress Disorder (PTSD)
Parkinson's
Tourettes
Others
Adult Use
Flower
Oil and Tinctures

Legal Marijuana Market Companies

Name Profile # Employees HQ Website

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 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.

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Horizon Databook provides a detailed overview of country-level data and insights on the Germany legal marijuana market , including forecasts for subscribers. This country databook contains high-level insights into Germany legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Germany legal marijuana market size, by application, 2018-2030 (US$M)

Germany Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)

Germany legal marijuana market size, by application, 2018-2030 (US$M)

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