Canadian cannabis exports totalled CA$51.6 million in February 2026 across the three main cannabis HS codes tracked in export data, up 8.7% on the same month a year earlier.
Beyond this headline export growth sits a more nuanced picture of supply chains, trade routes, and emerging markets from the world’s largest exporter of cannabis products.
The data, drawn from Statistics Canada’s Canadian International Merchandise Trade (CIMT) web application and covering HS codes 1211.90.10 (dried flower), 1302.19.10 (extracts) and 3004.90.10 (medicaments containing cannabis), provides the most granular public view available of where and how Canadian cannabis is moving globally.
Chart 01 — Dried Flower (HS 1211.90.10)
Germany and Portugal: diverging trajectories
Monthly export value to Germany and Portugal, CA$ millions
Germany
Portugal
Portugal peaked at CA$12.4m in April 2025; February 2026 CA$1.7m — an 86.6% decline from peak.
Source: Statistics Canada, Canadian International Merchandise Trade (CIMT) Web Application, HS codes 1211.90.10, 1302.19.10 and 3004.90.10. Customs-basis monthly data, January 2024–February 2026. Data taken at face value; standard CIMT caveats apply. Accessed April 2026.
The most significant structural shift visible in the February data is the near-complete collapse of Portuguese flower imports from Canada. Portugal received CA$1.67 million of dried cannabis flower in February 2026, down 86.6% from its peak of CA$12.4 million in April 2025, and a fraction of the CA$11.1 million recorded just twelve months earlier in February 2025.
Portugal’s emergence and retreat form a complete cycle within the dataset. Imports from Canada were negligible through early 2024, build steadily to peak in Q1–Q2 2025, then collapsed sharply from August 2025 as Germany’s direct imports surged.
This paints a clear picture of a shift in supply chain dynamics. Flower that was previously sent via Portuguese processing facilities for onward distribution to Germany appears to be moving directly from Canada to the German market.
There is no evidence in the extracts dataset that the lost Portuguese flower volume has migrated into processed-product exports. Portugal received just CA$4,018 in extract shipments across the entire dataset period (January 2024 to February 2026).
Australia is Canada’s second-largest flower export destination by cumulative value, having received CA$230 million between January 2024 and February 2026, ahead of Portugal in total cumulative terms, and the larger market in every month outside Portugal’s peak period in early-to-mid 2025
Through 2024 and into early 2025, Australia consistently paid CA$2.37–2.72 per gram for Canadian dried flower. By February 2026, that had fallen to CA$1.06 per gram, a 59.6% decline in per-gram pricing over two years, and the lowest recorded for any significant destination in the dataset.
Volume in February 2026 was 6,928 kg, up substantially from the 2,237 kg received in February 2024. This flood of cheap Canadian cannabis into Australia has already driven a widespread pushback from local cultivators struggling to compete.
Germany flower imports in February 2026 were CA$30.4 million, representing 62.3% of Canadian flower export value that month.
That share figure is the highest in the dataset. It also demonstrates the dramatic increase in demand following the implementation of CanG on April 01, 2024.
Germany received CA$3.5 million in flower exports from Canada in February 2024. February 2026’s CA$30.4 million represents an 763% increase over those two years.
Germany’s average share of Canadian flower export value was 24.8% across the full calendar year 2024. That rose to an average of 47.2% in 2025. Germany now absorbs nearly half of all Canadian flower exports by value in an average month, and above 60% in the most recent data point.
At the same time, Germany’s per-gram pricing has declined from a peak of CA$3.95/g in March 2025 to CA$2.93/g in February 2026.
The United Kingdom has emerged as one of the more consistent growth stories in the data, though it remains a relatively small market in absolute terms.
UK flower imports from Canada grew 340% between CY2024 (CA$7.9 million) and CY2025 (CA$34.9 million). Notably, the UK also receives meaningful volumes across multiple product formats, including flower, extracts and medicaments.
UK medicament imports in February 2026 were CA$755,886, making the UK the largest single medicament destination that month.
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Chart 05 — All codes combined
United Kingdom: growth across all product formats
Monthly UK export value by product type, CA$ thousands
Dried flower
Extracts
Medicaments
UK flower imports grew 340% from CY2024 to CY2025. Combined UK total CY2025: ~CA$41m.
Source: Statistics Canada, Canadian International Merchandise Trade (CIMT) Web Application, HS codes 1211.90.10, 1302.19.10 and 3004.90.10. Customs-basis monthly data, January 2024–February 2026. Data taken at face value; standard CIMT caveats apply. Accessed April 2026.
The 3004.90.10 medicaments classification, covering finished-dose cannabis products, presents a markedly different geographic picture to flower or extracts.
Canada’s medicament exports reached 68 destination countries in CY2024 before contracting sharply to 26 active destinations in CY2025. Just eleven countries received medicament shipments in the January–February 2026 window.
CY2024 medicament exports totalled CA$47.3 million. CY2025 totalled CA$25.0 million, a decline of 47.1% in a year when flower exports more than doubled. Medicaments represented 14.4% of combined Canadian cannabis exports in CY2024 but just 3.9% in CY2025.
Across all three codes combined, dried flower accounted for 80.5% of the total Canadian cannabis export value in CY2024. By CY2025, that had risen to 93.0%, and February 2026’s reading of 94.4% represents the highest monthly share in the dataset.
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Beyond this headline export growth sits a more nuanced picture of supply chains, trade routes, and emerging markets from the world’s largest exporter of cannabis products.
The data, drawn from Statistics Canada’s Canadian International Merchandise Trade (CIMT) web application and covering HS codes 1211.90.10 (dried flower), 1302.19.10 (extracts) and 3004.90.10 (medicaments containing cannabis), provides the most granular public view available of where and how Canadian cannabis is moving globally.
Portugal’s shifting role in the European supply chain
DOCTYPE html>Chart 01 — Dried Flower (HS 1211.90.10)
Germany and Portugal: diverging trajectories
Monthly export value to Germany and Portugal, CA$ millions
Germany
Portugal
Portugal peaked at CA$12.4m in April 2025; February 2026 CA$1.7m — an 86.6% decline from peak.
Source: Statistics Canada, Canadian International Merchandise Trade (CIMT) Web Application, HS codes 1211.90.10, 1302.19.10 and 3004.90.10. Customs-basis monthly data, January 2024–February 2026. Data taken at face value; standard CIMT caveats apply. Accessed April 2026.
The most significant structural shift visible in the February data is the near-complete collapse of Portuguese flower imports from Canada. Portugal received CA$1.67 million of dried cannabis flower in February 2026, down 86.6% from its peak of CA$12.4 million in April 2025, and a fraction of the CA$11.1 million recorded just twelve months earlier in February 2025.
Portugal’s emergence and retreat form a complete cycle within the dataset. Imports from Canada were negligible through early 2024, build steadily to peak in Q1–Q2 2025, then collapsed sharply from August 2025 as Germany’s direct imports surged.
This paints a clear picture of a shift in supply chain dynamics. Flower that was previously sent via Portuguese processing facilities for onward distribution to Germany appears to be moving directly from Canada to the German market.
There is no evidence in the extracts dataset that the lost Portuguese flower volume has migrated into processed-product exports. Portugal received just CA$4,018 in extract shipments across the entire dataset period (January 2024 to February 2026).
Australia solidifies itself as a global powerhouse
Australia is Canada’s second-largest flower export destination by cumulative value, having received CA$230 million between January 2024 and February 2026, ahead of Portugal in total cumulative terms, and the larger market in every month outside Portugal’s peak period in early-to-mid 2025
Through 2024 and into early 2025, Australia consistently paid CA$2.37–2.72 per gram for Canadian dried flower. By February 2026, that had fallen to CA$1.06 per gram, a 59.6% decline in per-gram pricing over two years, and the lowest recorded for any significant destination in the dataset.
Volume in February 2026 was 6,928 kg, up substantially from the 2,237 kg received in February 2024. This flood of cheap Canadian cannabis into Australia has already driven a widespread pushback from local cultivators struggling to compete.
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Germany dominates total exports
Germany flower imports in February 2026 were CA$30.4 million, representing 62.3% of Canadian flower export value that month.
That share figure is the highest in the dataset. It also demonstrates the dramatic increase in demand following the implementation of CanG on April 01, 2024.
Germany received CA$3.5 million in flower exports from Canada in February 2024. February 2026’s CA$30.4 million represents an 763% increase over those two years.
Germany’s average share of Canadian flower export value was 24.8% across the full calendar year 2024. That rose to an average of 47.2% in 2025. Germany now absorbs nearly half of all Canadian flower exports by value in an average month, and above 60% in the most recent data point.
At the same time, Germany’s per-gram pricing has declined from a peak of CA$3.95/g in March 2025 to CA$2.93/g in February 2026.
The UK continues muted, but consistent growth
The United Kingdom has emerged as one of the more consistent growth stories in the data, though it remains a relatively small market in absolute terms.
UK flower imports from Canada grew 340% between CY2024 (CA$7.9 million) and CY2025 (CA$34.9 million). Notably, the UK also receives meaningful volumes across multiple product formats, including flower, extracts and medicaments.
UK medicament imports in February 2026 were CA$755,886, making the UK the largest single medicament destination that month.
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Chart 05 — All codes combined
United Kingdom: growth across all product formats
Monthly UK export value by product type, CA$ thousands
Dried flower
Extracts
Medicaments
UK flower imports grew 340% from CY2024 to CY2025. Combined UK total CY2025: ~CA$41m.
Source: Statistics Canada, Canadian International Merchandise Trade (CIMT) Web Application, HS codes 1211.90.10, 1302.19.10 and 3004.90.10. Customs-basis monthly data, January 2024–February 2026. Data taken at face value; standard CIMT caveats apply. Accessed April 2026.
Medicaments
The 3004.90.10 medicaments classification, covering finished-dose cannabis products, presents a markedly different geographic picture to flower or extracts.
Canada’s medicament exports reached 68 destination countries in CY2024 before contracting sharply to 26 active destinations in CY2025. Just eleven countries received medicament shipments in the January–February 2026 window.
CY2024 medicament exports totalled CA$47.3 million. CY2025 totalled CA$25.0 million, a decline of 47.1% in a year when flower exports more than doubled. Medicaments represented 14.4% of combined Canadian cannabis exports in CY2024 but just 3.9% in CY2025.
Across all three codes combined, dried flower accounted for 80.5% of the total Canadian cannabis export value in CY2024. By CY2025, that had risen to 93.0%, and February 2026’s reading of 94.4% represents the highest monthly share in the dataset.
The post Germany Now Represents 62% of Canadian Cannabis Flower Exports as Portugal’s Share Collapses appeared first on Business of Cannabis.
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