Cannabis vaping in Italy: complete market analysis

Cannabis vaping in Italy: complete market analysis

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Cannabis vaping in Italy: complete market analysis (Released 25/03/2020)

Executive summary:

The Italian cannabis market is very open, promising and competitive, largely due to the fact that the legalization of medical cannabis took place in 2013, thus Italy became the eighth European country to do so. Although hemp production is free of technical and regulatory barriers, the production of medical cannabis continues to be a state monopoly.

Table of Contents:
Executive summary 5
1. GENERAL MARKET OVERVIEW 6
2. MARKET REGULATION 8
2.1. Cannabis regulation acts and institutions 8
2.2. Hemp regulation acts and institutions 10
2.3. Legal status of cannabis (incl. cannabis, CBD and THC) 11
2.4. Import/Export restrictions and local moving 12
2 3. MEDICAL CANNABIS INDUSTRY OVERVIEW 15
3.1. Authorized medical cannabis products 17
3.2. Approved medical cannabis suppliers (both importers and domestic) 19
4. CANNABIS INDUSTRY COMPANIES 21
4.1. Cannabis holdings operating in Italy 21
4.2. Domestic CBD companies 24
4.3. Import CBD companies 35
4.4. Main distributors of cannabis vaping devices 38
5. MOST WIDESPREAD BRANDS AND PRODUCTS 43
5.1. Role of local-online shops in CBD brands distribution 43
5.2. CBD oil brands presented on local online-shops 59
5.3. Cannabis vape hardware devices presented on local online-shops 64
6. CONCLUSIONS 72
References 75
Appendix A. Cannabis vape devices on Italian market 78

Conslusion excerpt:
The Italian cannabis vaping market is of great interest, and many studies define it as the most promising in the coming years. The Italian political ruling class sees the cannabis market as a real opportunity for economic, social, technological and cultural growth, but the legislative process still takes time, and many points are still unclear and need further coordination. According to the recent parliamentary inquiry, there are currently 30,000 medical patients in need of about 1,000 kilograms a year in Italy. Step by step, mainly due to unmet demand, the medical cannabis market in Italy moves to oligopoly, since the world's largest cannabis players (Aurora, Canopy Growth, Aphria) have entered the market as official distributors and importers through joint ventures and partnerships. In spite of numerous bureaucratic problems, CBD industry has experienced a substantial upturn and preserves nice perspectives in view of about 3.5 million cannabis users, while estimated turnover of CBD industry reached € 6.5 million in 2018. Today, CBD oil which contains 5%, 10% and 50% CBD concentration is legal for recreational consumption in Italy.

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