Report
Nikolaas Faes

Cannabis Santa Claus kommt früher

Cannabis
Santa Claus kommt früher

New German government plans to legalise recreational cannabis
The state of play in Europe
EUR4.7bn income and savings according to the German Hemp Association
400 tonnes of annual demand and a EUR4bn annual retail market
27,000 new jobs created
EUR1.8bn raised by ‘cannabis tax’ similar to duties on alcohol & tobacco
Our forecasts – a potential EUR9.6bn German cannabis market
Tilray seems to be holding the best papers
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Nikolaas Faes

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