Italy Medical Cannabis Market, by Product Type (USD Million), 2018-2027
Synopsis
The above chart is Italy Medical Cannabis Market, by Product Type (USD Million), 2018-2027
Market Dynamics
italy has been a prominent figure in the global cannabis market, with its medical cannabis industry expanding rapidly in recent years. this demand can be attributed to the growing awareness and acceptance of cannabis as a medicinal plant, as well as the country's progressive stance towards its use.
in terms of product type, the italian medical cannabis market is dominated by cannabis oils, which accounted for over 75% of the total sales in 2020. this can be attributed to the ease of use and efficient delivery method of oils, making it a preferred choice for medical purposes. additionally, oils are also considered more socially acceptable in italian culture compared to smoking or vaporizing cannabis.
another popular product in the italian market is dried flower or bud. this is the most traditional form of cannabis consumption and is favored by a significant portion of the population. with the increasing availability of different strains and hybrids, consumers have a wide range of options to choose from based on their specific medical needs.
apart from oils and flowers, italy's medical cannabis market also offers cannabis-based pharmaceuticals. these include medications such as sativex, which is used to treat multiple sclerosis, and epidiolex, which is used to treat rare forms of epilepsy. these pharmaceuticals have been approved by the italian medicines agency (aifa), indicating the country's recognition of the medical potential of cannabis and its derivatives.
in addition to these product types, there is also a growing demand for cannabis-based topicals and edibles in the italian market. topicals, such as creams and lotions, are popular among patients experiencing localized pain or inflammation. edibles, on the other hand, offer a discreet and convenient way of consuming cannabis for medicinal purposes.
the demand for medical cannabis products in italy is further fueled by the liberalization of its laws and regulations surrounding the plant. in 2013, the country became the first in europe to establish a medical cannabis program, allowing the cultivation, production, and sale of cannabis for medical purposes. this progressive stance has attracted a growing number of international companies to enter the italian market, further driving the demand for a variety of medical cannabis products.
in conclusion, italy's medical cannabis market continues to show promising growth, with oils and dried flower being the most popular product types. with a supportive regulatory environment and an increasing range of products, the demand for medical cannabis in italy is expected to continue to rise in the coming years.