The CBD Landscape in Germany
If you're involved in the CBD industry and haven't tapped into the German market, you might be missing out on a significant opportunity. Germany, being the largest economy in the EU, naturally becomes a significant market for various products, including CBD.
The country's dynamic nature and openness to new ideas have led to swift changes in regulations, making it a hotspot for CBD businesses.
Germany's Stance on CBD Legalisation
Germany has a rich history of hemp cultivation and was among the pioneering European nations to legalize hemp cultivation back in 1996. The country further amended its laws in 2017, allowing the sale of low THC cannabis products, leading to a boom in the German CBD market.
As of now, any CBD product with a THC content below 0.2% is legal in Germany. However, with the EU commission's classification of CBD as a Novel Food in 2019, selling CBD products in Germany now requires Novel Food approval.
Travelling with CBD Oil to Germany
While it's theoretically possible to bring CBD oil into Germany, there are certain considerations to keep in mind.
Firstly, only small quantities meant for personal use are permissible. Secondly, it's crucial to ensure that the product contains THC below the 0.2% threshold.
Given the differences in THC content regulations between countries, it's advisable to carry CBD products that are THC-free and certified as such. Moreover, while recreational cannabis remains illegal in Germany, there are ongoing discussions about its potential legalization in the future.
Insights into Germany's CBD Market
Exact figures regarding the total CBD market in Germany can be elusive. However, estimates suggest that the European market for CBD products stands at approximately 2 billion USD, with Germany accounting for around half of that.
This puts the German CBD market strength at about 1 billion USD. The CBD oil segment within this market is estimated to be worth between 200-300 million USD. Surveys indicate a strong preference among Germans for CBD oil, followed by edibles, capsules, and other product forms.
For further insights and statistics on the CBD market in Germany, consider exploring the following article Reasons for using medical cannabis/ CBD in Germany in 2021 - Statista.
