Germany’s Fading Green Dreams and the Impending Consolidation of Cannabis Enterprises
As 2023 comes to an end, it is only natural to reflect on what happened in the markets we cover.
But when it comes to cannabis, the answer is “not much,” which won’t help cannabis startups that are already facing a challenging funding environment.
Namely, 2023 wasn’t the year that Germany legalized adult recreational cannabis use.
That matters because that’s not what the legal cannabis market once anticipated, and whenever there is misalignment between reality and what investors expected, especially when public companies boosted said expectations, it is rarely good news.
“Companies have spent significant capital in preparation for a sizable commercial market in Germany.
