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ARTICLE · 03 JANUARY 2022

Can You Register A Trademark For 'Weed?'

Dennemeyer & Associates S.A.
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Given the ongoing trend of legalization for cannabis and cannabis-derived products observed in the EU in recent years,

LuxembourgIntellectual Property
Lionel Parisot
Lionel Parisot
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Given the ongoing trend of legalization for cannabis and cannabis-derived products observed in the EU in recent years, it is only logical that many are beginning to invest in the market as a serious profit opportunity.

The 2021 edition of the European Cannabis Report, released in March by industry consultants Prohibition Partners, estimated that the European cannabis market would be worth €3.2 billion ($3.75 billion U.S.) by 2025. This represents a massive 67.4% compound annual growth rate from its 2021 value of €403.4 million. Currently, Germany constitutes more than half of that market (about €200 million) and is expected to maintain this proportion until 2024. By 2025, Germany is anticipated to introduce fully legalized cannabis access for adult use, by which time, its domestic market value is predicted to have more than doubled to €840 million.

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