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Swiss cannabis market worth up to half a billion francs annually

January 24, 2020 1 min read

Cannabisremains by far the most widespread drug enjoyed in Switzerland, even if the value of the market is much lower than that for cocaine, researchers have found.

A study publishedexternal link Thursday by several groups including Addiction Switzerland estimates the national cannabis market to be worth up to CHF500 million ($516 million).

But in canton Vaud, where the study was carried out, the figures show that the total market value was around half that of for cocaine – a finding that Frank Zobel, co-director of Addiction Switzerland, said was a surprise.

“We thought that cannabis represented the biggest market in all senses of the word,” he told the Keystone news agency. “However, the turnover is lower than for cocaine, even if it does remain significantly higher than for other drugs.”

This said, the total volume of cannabis sold in Switzerland tops that of all other drugs: between 40 and 60 tonnes are estimated to be smoked each year across the country. In canton Vaud alone, where the population is 800,000, the equivalent of around 50,000 joints-worth of cannabis is consumed every day.

Brenda Hutchinson
Brenda Hutchinson


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