The team at CBD.fr has translated the article from MARIJUANA DAILY BUSINESS into French for your convenience… you will find the original article, written by
Germany imported 1,759 kilograms (3,878 pounds) of medical cannabis flower for distribution through pharmacies during the third quarter of 2020, according to new data from the Federal Institute for Drugs and Medical Devices (BfArM).
This represents a 28% decrease compared to the previous quarter, but 34% less than in the same quarter last year.
However, for the period January-September, imports were up 15% compared to the first nine months of 2019. Import data is a relevant metric for companies involved in the German medical marijuana market, as the flower category is entirely dependent on imports, and—as Marijuana Business Daily first reported—this trend will continue at least until the end of the first quarter of 2021. Flower sales account for more than half of the German medical marijuana market. Imported quantities fluctuate considerably throughout the year, making them difficult to predict and not necessarily representative of domestic sales trends—meaning that conclusions should not be drawn from import data alone. Not all imported flower is intended for German consumers. Some could have been destroyed—for example, if they hadn’t been sold before their expiration date—or re-exported to other European countries, including the Czech Republic, Italy, Luxembourg, Malta, Poland, and the United Kingdom.
Two key indicators of market trends include:
Reimbursement data, which recently fell for the first time on a quarterly basis.
How are individual reimbursement claims evolving, a situation recently updated by
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MJBizDaily
- It’s still unclear how the year will end, but the current situation indicates that year-over-year growth in 2020 will not be as dramatic as in previous years.Since the start of the current medical marijuana program in early 2017, the flower market doubled in 2018 and again in 2019. MJBizDaily’s European Medical Cannabis Report, published in May, predicts for the 2020 market that: Slower year-over-year growth should not be surprising. At the time of writing, the supply situation was quite good in Germany. The strong growth from 2018 to 2019 could be partly explained by an undersupplied market in 2018. Maintaining this year-on-year growth rate in 2020 will be difficult after a better-supplied market in 2019.
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