Over the next few years, the European cannabis market will grow a lot. As of 2025, it will be worth $3.2 billion, so it will be worth a lot. According to a new report, people in Europe will be able to buy cannabis medicines for the first time in 2020, which will bring the total number of people who can do so to 185,000.A report says that by the end of 2021, the value of the medicinal cannabis market in Europe will have grown by 75% each year.
The inside story
It’s because the country of Britain has a lot of money and a lot of people who are progressive that Germany is Europe’s medicinal cannabis capital. Many people think that Germany will be more than half of Europe’s market by the end of the predicted time. It will also have a value of more than €840 million. This is how much medical cannabis was brought into Germany last year: It went up 37%. There were 9.3 tons of it. Study: In 2025, well-known European countries like France and the United Kingdom are expected to make up a lot of the European medicinal cannabis market, according to the new study. Is it going to become Europe’s fastest-growing market by 2025? If the rules keep changing the way they are, that could happen.
For now, only medical cannabis is available in Europe because no country in Europe has yet to make the drug legal for people over 18. Expect it to change in the next four years, as more countries allow adults to use cannabis.
It’s possible that some European countries could allow adults to use cannabis by 2025. Prohibition Partners says that the Netherlands, Switzerland, and Germany could all let adults use it. By 2025, more than € 500 million worth of adult-use marijuana could be on the market. During the next four years, there will be a significant rise in the use of cannabis for both medical and recreational reasons. It’s expected that the European market for the sale of cannabis will grow to be worth €3.2 billion in the future.
A report called the European Cannabis Report: 6th Edition talks about all of these things and many more. As part of this study, we look at how cannabis is being legalized in Europe, how it is being traded and how patients use it. We also look at the available medical goods for sale and the patients who use them. Covid-19 is also talked about in the paper. The paper also talks about how it affects the European market and what that will mean next year. A new report says: In 2025, the European cannabis market is expected to be worth $3.7 billion. This is a growth rate of 67.3 percent a year.
Recently, a group of experts called Prohibition Partners came out with the European Cannabis Report: 6th Edition. As of 2020, 60,000 people in Europe will get cannabis medicines for the first time. One hundred eighty-five thousand people will now use the medicines.
An official report says that Europe’s medical cannabis industry will be worth 406 million euros by the end of 2021. That’s up 75% from 2020.
Germany is the top consumer of medical marijuana in Europe because it has a lot of well-off people and rules that are more liberal. This is because, by 2024, it will be worth about 840 million euros in Europe. This means that it will make up more than half of the market. There was a 37% increase in medical marijuana that came into Germany last year, to 9.3 metric tons of it.
Conclusion
In 2025, well-known European countries like France and the United Kingdom are expected to make up a lot of the European medicinal cannabis market, according to the new study. stylishster Is it going to become Europe’s fastest-growing market by 2025? If the rules keep changing the way they are, that could happen.