By Niklas Kouparanis, CEO, Bloomwell Group
With adult-use cannabis set to be legalized by the incoming government in Germany, attention has now turned to the massive regulatory hurdles the nation will face as these new policies are rolled out. One of the primary challenges Germany’s medicinal cannabis rollout tackled in 2017 was demand that greatly overwhelmed supply. We expect that demand for the adult use market will be even greater, meaning that now is the time to begin planning for where that supply will come from.
The clear solution to this problem is importing cannabis from other nations where it has been legalized, something that Germany already does within our medicinal market. Of course, it will be very challenging to allow exports within international law – but in Germany we say ‘Wo ein Wille ist, ist auch ein Weg’, or where there’s a will there’s a way. Ideally, one of the major markets we’d turn to would be the United States, home to some of the world’s biggest producers of the plant. However, the US does not allow cannabis exports on a federal level aside from a few very narrow exceptions. Opening up these channels and permitting international cannabis trade would be a win-win for both Germany and the US, with Germany able to obtain a reliable supply of cannabis to sustain demand, and the United States benefiting from expanded sales on a global scale.
Germany’s cannabis market will rely heavily on imports
In the short term, demand is…
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By Niklas Kouparanis, CEO, Bloomwell Group
With adult-use cannabis set to be legalized by the incoming government in Germany, attention has now turned to the massive regulatory hurdles the nation will face as these new policies are rolled out. One of the primary challenges Germany’s medicinal cannabis rollout tackled in 2017 was demand that greatly overwhelmed supply. We expect that demand for the adult use market will be even greater, meaning that now is the time to begin planning for where that supply will come from.
The clear solution to this problem is importing cannabis from other nations where it has been legalized, something that Germany already does within our medicinal market. Of course, it will be very challenging to allow exports within international law – but in Germany we say ‘Wo ein Wille ist, ist auch ein Weg’, or where there’s a will there’s a way. Ideally, one of the major markets we’d turn to would be the United States, home to some of the world’s biggest producers of the plant. However, the US does not allow cannabis exports on a federal level aside from a few very narrow exceptions. Opening up these channels and permitting international cannabis trade would be a win-win for both Germany and the US, with Germany able to obtain a reliable supply of cannabis to sustain demand, and the United States benefiting from expanded sales on a global scale.
Germany’s cannabis market will rely heavily on imports
In the short term, demand is…
