Australia has broken into the European medicinal cannabis market with the first batch in a decade-long, multi-million deal on its way to Germany.

The $92 million export agreement marks the start of a trade partnership with the region, which is forecast to become the world’s largest legal market.

Minister for Health Greg Hunt says Australia is poised to become a recognised leader in the global supply of the highest quality medicinal cannabis products.

“Australia’s gold-standard regulation of medicinal cannabis products, coupled with a premium agricultural and manufacturing industry, means we are well positioned to become a preferred supplier,” Mr Hunt said on Thursday.