The growth is primarily driven by the legalisation in North America, but Europe and Australia also witness a liberalisation of the government requirements with respect to cultivation, production and sales of cannabis-related products.
There are currently no concrete estimates for the Danish or European market, but permission to sell cannabis products as medicine or dietary supplements are anticipated in several European countries during 2018 – including Denmark.
The Danish Minister for Health has submitted a law proposal, L57, on medical cannabis, dated 5 October 2017.
With the large illegal market for cannabis, the growth in the legal market will also depend on better product documentation and price points that are able to match the illegal market.
The dietary supplement industry in Denmark has developed into a billion industry. There has never been more focus on dietary supplements than now, and the supplements have become a natural ingredient in the lives of most Danish families. The upcoming boom of the elderly is expected to accelerate the growth.
Cosmetics containing CBD have not yet been used widely due to the unlawful content of THC, which makes it impossible to obtain a marketing authorisation. But the few products that have been tested have demonstrated an incredible effect. CBD may be used in everything from lipstick to sun screen lotion.
All over the world there is an increasing demand from citizens and patients to legalise medical cannabis for the treatment of selected diseases – including multiple sclerosis, spinal cord injury and chronic pain.