Canada’s cannabis oil exports rise 300%, boosted by Germany.Exports of medical cannabis oil from Canada had a breakout year in 2017 – and executives say it is just the start for a massive new overseas market. In 2016, 100.8 kilograms of cannabis oil were shipped overseas. That jumped to 400.4 kilograms in 2017, as more countries legalized MMJ.
Cannabis oil has more upside potential than that of flower, analysts and executives say, because:
- Oil allows for different forms of administration by patients.
- Oil is easier and cheaper to transport overseas.
- Many countries limit the form of medical cannabis that can be used, but oil is broadly allowed.
Germany leads
Germany, which is on track to become one of the world’s largest medical marijuana markets this year, imports more MMJ from Canada than any other country in lieu of domestic cultivation.
And that’s not expected to change any time soon, as a German court slammed the brakes on the country’s domestic cultivation plan in late March.
As a result, exporters from Canada and the Netherlands will have an even bigger head start over domestic production.
Germany took in 169 kilograms of medical marijuana oil from Canada in 2017. That was followed closely by Australia (145 kilograms), Croatia (37 kilograms) and the Cayman Islands (23 kilograms).
Canadian medical marijuana is already accessible by most of Germany’s 20,200 pharmacies from suppliers like Aurora.
The European Union's largest economy expects to rely on imports to meet cannabis demand for at least a decade.
https://mjbizdaily.com/canadas-cannabis-oil-exports-rise-400-boosted-by-german-demand/