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Tilray Brands, Inc. TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis business, Distribution business, Beverage alcohol business and Wellness business. The Cannabis business segment is engaged in the production, distribution, sale, co-manufacturing, and advisory services of both medical and adult-use cannabis. The Distribution business segment is focused on the purchase and resale of pharmaceutical products to customers. The Beverage alcohol business segment is engaged in the production, marketing and sale of beverage and beverage alcohol products. The Wellness business segment includes hemp foods and hemp-based cannabidiol (CBD) consumer products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by DaveInCalgaryon Apr 28, 2023 4:22pm
257 Views
Post# 35420014

German Cannabis Legalization Update

German Cannabis Legalization Update

Lauterbach presents first draft cannabis law


Health Minister Karl Lauterbach has taken the next step towards the legalization of cannabis: at the end of the month he presented a first draft law. The first details have become known from government circles.

Berlin. Shortly before the end of the month, Federal Minister of Health Karl Lauterbach (SPD) presented the first draft law for the planned legalization of cannabis, as promised. A spokesman for his ministry confirmed this on request. The draft was given to the so-called departmental vote this Friday - this means that it has now been sent to the other ministries for inspection and examination. Initially, nothing was known about the specific content, as draft laws are not usually made public during this phase.

 
 

From government circles it was said that the draft takes up the well-known cornerstones of the project. Among other things, this involves the release of cannabis within special associations, so-called cannabis clubs. According to the key points, the possession of up to 25 grams of cannabis and the cultivation of a maximum of three plants for personal use should be permitted.

At first no free sale in special stores

There will initially not be a free sale in special shops, as originally intended. It is planned to test this later as a pilot project in some municipalities via another law.

 
 

After the departmental vote, the cabinet must get the draft law on the way, after which it is the turn of the Bundestag and Bundesrat. When the first part of the cannabis legalization will come into force is still open. Pro-cannabis representatives in the traffic light coalition are aiming for this year.

RND/dpa

 

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