VIVO Cannabis Inc. V.PDA

Vivo will get sold because of EU-GMP cert ! Did you know?

[1hot-techwoman]

Only companies that have received Good Manufacturing Practices (GMP) certification are permitted to export cannabis products into the German market. Only a handful of companies have been successful in their attempts to export cannabis oils into the country.



The Growing German Market

Cannabis has been permitted for therapeutic use in Germany since 2017 and may be prescribed by a doctor in the event of serious illnesses. With over 83 million inhabitants benefitting from broad access to healthcare services, Germany currently represents an estimated 75% of the current EU medical cannabis market. In 2020, more than 320,000 cannabis prescriptions approved in Germany, based on average from January -- September extrapolated to 12 months.

The Medical Cannabis Network reports the medical cannabis market in Germany is currently valued at between EUR150m and EUR175m, despite only around 10% of the 20,000 pharmacies in Germany selling medical cannabis products today. With greater awareness and education, the Medical Cannabis Network estimates that Germany's dominance in the European cannabis market could expand to EUR1.5bn by 2025.((1)