International Cannabis Update: Germany Record Imports, Thailand Encourages Cultivation, Norway Drug Decriminalization

Germany Imports Record Volume Of Cannabis Flower

During the last quarter of 2020, Germany has imported the record amounts of cannabis flower (on a quarterly basis) or 3,264 kilograms. (h/t Prohibition Partners)

For the full 2020, the country has brought in 9,249 kilograms, experiencing a 36% year-over-year growth in imports, according to the Federal Institute for Drugs and Medical Devices (BfArM).

While the quarterly import has hit the all-time high in Q4, year-over-year growth has significantly fell compared to the previous years, as the country had 100% growth year-over-year in 2018 and 2019.

Import levels shouldn’t be taken as the one or the most important parameter when analyzing the development of a cannabis market, as they are “subject to fluctuations.”

One of the most important changes when it comes to cannabis imports in Germany is its shift from Canada and the Netherlands to other countries. While previously Canada and the Netherlands met most of the needs of the German cannabis market, now other countries, such as Uruguay, Spain, Israel, Portugal, and Australia …

Full story available on Benzinga.com

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