420 with CNW — Germany Is Importing More Medical Cannabis from Sources Closer to Home

During the first half of 2022, Germany imported a high amount of cannabis for scientific use and medical sales. Last year, the country cumulatively imported more than 20,500 kg of marijuana for scientific and medical purposes. This figure is significantly higher than its 2020 figure of 13,345 kg. In 2019, the country imported a little more than 8,000 kilograms of cannabis.

Data from the Federal Institute for Drugs and Medical Devices shows that through the first half of the year, imports of dried flower and extracts increased by more than 6% to reach 10,486 kilograms. This is in comparison to import figures from the first half of 2021, which totaled to 9,841 kilograms.

Since 2017, Canada has made up no less than 38% of all of medical cannabis imports into Germany. In 2021, licensed producers based in Canada shipped almost 6,500 kilograms of medical cannabis extracts and flower to Germany, which makes up roughly a third of the nation’s imports.

While data from the German government shows that Canada was still the nation’s top supplier last year, separate data shows that the role of Canada as Germany’s top cannabis supplier has diminished as competition to supply this prized market intensifies. Cannabis companies in Portugal, the Netherlands and Denmark also supply the German market, which has fostered healthy competition.

Experts believe that Canada’s waning role in Germany’s cannabis import may also arise from some Canadian companies shifting production to Europe. For instance, Aurora Cannabis has been supplying the German market mainly from Canada. However, the Alberta-based company transitioned its supply for products for the EU markets to the Nordic region after it received EU- Good Manufacturing Practice certification. Currently, most of Aurora’s cannabis in Germany is imported from Denmark.

It is important to note that experts believe that an undetermined quantity of the imported product is usually re-exported to other nations in the European Union. They argue that based on this, Germany’s import figure shouldn’t be used to measure the country’s market size.

Additionally, businesses seeking to venture into the import market in Germany are cautioned against buying into any predictions of rapid growth. This is after recent data from the German government showed that imports had reduced in the final quarter in three of the last five years.

Despite this, the market has grown these last five years, moving from less than two tons of imports in 2017 to more than 20 metric tons in imports into the country last year.

As the rules around marijuana evolve, another interesting angle of analysis to look into could be comparing the tonnage of cannabis being grown using various technologies, such as the indoor vertical gardens commercialized by the likes of Advanced Container Technologies Inc. (OTC: ACTX) vs. other cultivation methods.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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