Cannabis

Following the current liberalisation of medical cannabis, the trend towards liberalisation of adult-use cannabis is also expected over the forecast period. The consumption of products bought on the black market carries the risk of containing…

The legal cannabis market has continued to see strong growth on the back of the landmark judgement in 2018, which determined private use and consumption of cannabis as legal. Since then, consumers have increasingly accepted cannabis as a legitimate…

Poland is a strategically important cannabis market. On the one hand, it is one of the leading markets by population in Eastern Europe, which makes it a large consumer market for cannabis products. On the other hand, its good strategic location,…

In September 2021, a new parliament was elected resulting in the so-called “traffic-light” coalition. A government that claims to be more liberal and forward-thinking, and thus will revamp Germany’s drug policy, ie its approach to cannabis. While…

In June 2022, the Food and Drug Administration of Thailand removed marijuana and hemp from the list of Category 5 narcotics, effectively decriminalising these substances. Cannabis in Thailand competition becomes fragmented after the adult-use…

The cannabis market in Mexico is estimated to be valued at MXN24,125 million with 95% of the market being sold through the illicit market.

The Czech Republic has high acceptance of cannabis, and a long-standing tradition of cannabis cultivation and usage. Cannabis legislation has been an issue in the country since the 1990s, when there was an early attempt at legalisation. Currently…

Rising inflation is taking its toll on consumer spending on cannabis products in Greece. As disposable incomes are shrinking Greek consumers are forced to prioritise spending on essentials and this has an impact on products that do not have commodity…

Japan is one of the promising CBD markets globally. Growth is expected, supported by the amendment of the Cannabis Control Act in 2023, which also includes the legalisation of medical cannabis. Although the details of the amendment are unclear as of…

Cannabis market growth is chiefly driven by adult-use cannabis due to a growing user base coming from the illicit market, growing social acceptance and fair pricing. Consumer spending shifts and high stress from inflation boded well for the cannabis…

Cannabis in the Netherlands is seeing growth in 2022, mostly driven by CBD. Economic growth and disposable incomes are stagnating, with inflation rates climbing to double-digit figures due to increases in energy and food prices. As such, consumer…

Colombia has a bad reputation in terms of drug trafficking but has made enormous strides towards the implementation of a well-regulated cannabis industry. After legalising medical use and creating a legal framework for licensed production, and more…

Argentina’s economy is projected to grow at a moderate pace in 2022, however the economy continues to show macroeconomic imbalances. Around one third of the population is currently living in poverty, resulting in an increase in unemployment and…

2022 was an interesting and intense year for the cannabis market in Brazil. New products hit the market, produced by Brazilian companies that are becoming more and more complex as well as better funded, allowing for a wider range of consumers to…

The cannabis market in France is estimated at EUR5.6 billion in 2022. This includes estimated sales of illicit cannabis which represent more than 90% of the total market. With Emmanuel Macron's re-election to the presidency in May 2022, the…

Belgium is still a developing and rapidly growing market regarding the consumption of CBD products. CBD oil is the most popular way to consume CBD in Belgium and the category still has much potential.

Growing concerns about the availability of medical cannabis in Italy to allow continuity of treatment for patients in recent years, as well as the increasing number of users, have prompted the Italian Ministry of Health to take several steps to…

Spain is a well-developed and sophisticated cannabis market with strong growth potential for adult-use and medical purposes and a professional cultivation model with a high level of expertise. While there is a legal framework for medical cannabis…

The cannabis market in the US has seen significant slowdown in recent years albeit with still positive performance and showing many indications of stronger growth over the forecast period. Although near-term federal legalisation is less likely since…

The medical cannabis market continues to develop at a slow pace. The introduction of the first flower at the start of 2021 was not enough to propel the emergence of other medications in 2022. However, cannabis companies continue to rise in Portugal…