European Cannabis Market

In the seventh edition of the European Cannabis Report – produced by London-based advisory group Prohibition Partners – Europe’s medical cannabis market was estimated at €354 million in 2022 and projected to grow with a CAGR of 60% to reach €2.3 billion by 2026.

The market forecast expects to see a slow start over the review period with recreational cannabis only expected to come to the fore in 2023 following legalisation in the Netherlands and Switzerland whereas Luxembourg, Portugal, Spain, Germany and Malta are supposed to introduce legal access to adult-use cannabis, at least on a trial basis, by 2025.

BDSA’s global legal cannabis forecast shows almost $4 billion by 2025, while Brightfield Group forecasts over $3.1 billion with a 2020-2025 CAGR of 52%. New Frontier Data estimates the total value of cannabis demand in Europe is $42.9 billion.

Romania Cannabis Market

In October 2013, the Eastern European country of Romania legalized medical cannabis derivatives in the form of pills or oil. The law allows individuals and private entities to cultivate medical cannabis if they get permit from the Ministry of Health, the National Antidrug Agency, the Ministry of Justice and the Organized Crime and Terrorism Investigation Agency.

In November 2019, Romanian authorities adopted a draft law that created the framework for medical cannabis distribution, proposing the legalization of cannabis painkillers for patients with chronic terminal illnesses via a special access procedure. For cultivation, farmers must obtain prior authorisations from the local Ministry of Agriculture and Rural Development county office.

In January 2021, the Romanian Directorate for Investigating Organized Crime and Terrorism clarified that the maximum permitted THC content (0.2%) is determined in the cannabis plant (at the cultivation stage) and not in the final product.

Romania Industrial Hemp and CBD Market

Cannabidiol (CBD) is legal in Romania in all of its forms, as long as its THC concentration is lower than 0.2 percent.

Farmers who want to grow hemp have to get a licence. In order to get a licence, they have to present a laboratory report for the hemp seeds, a document proving that the land is owned by them and a contract for the plant matter they intend to produce.

In 2019, Romania’s hemp planted area stretched over 3,076 hectares comparing to 1,454 hectares in 2018 and that surface is forecast to increase in coming years.


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