VFF - Cannabis Stocks Set To Dominate Germany's New Market: A Surge In Demand Meets Established Expertise | Benzinga
Germany's historic step towards cannabis legalization, effective April 1, 2024, opens a new chapter in the global cannabis industry, presenting substantial opportunities for Canadian leaders Aurora (NASDAQ: ACB), Canopy Growth (NASDAQ: CGC), and Tilray (NASDAQ: TLRY).
Starting in, Germany will become Europe's third country to regulate cannabis for adults. Cannabis clubs with up to 500 members will be able to grow and purchase marijuana while public cannabis use will be allowed away from children and sports facilities, and banned in pedestrian zones during the day.
The landmark reclassification of cannabis, enhancing accessibility, and reducing regulatory complexities for medical cannabis, catalyze a market poised for growth.
With the German cannabis market projected to expand to €1.7 billion by 2025, from a relatively modest base of 28,000 patients in 2023, the stage is set for Canadian exporters to capture significant market share.
These and other hot topics will be discussed at the April 16-17 Benzinga Cannabis Capital Conference, especially given how marijuana stocks shot up in response.
Pro-tip for Benzinga readers: Secure your tickets for the conference ASAP. Prices will increase very soon! You can get a 20% discount on tickets following this link right now.