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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 Savage97on Apr 24, 2023 12:19pm
231 Views
Post# 35410548

DAS GOOT

DAS GOOT

The second pillar of the planned legalization involves launching a five-year pilot program at the regional level. The aim is to establish a regional and time-limited model that can be used as a reference for other European countries and the EU Commission. This program will allow for a scientific examination of the effects of commercial supply chains on health, youth protection, and the illegal market.

The program will test commercial supply chains in several districts and cities across different federal states. This will cover the production, distribution, and sale of cannabis in specialized shops. The project will be subject to scientific monitoring, limited to five years, and restricted to the residents of the communities involved.

The German federal government has justified its legalization plans with the aim of curbing the illegal market, thereby enabling better control over the quality of cannabis products and protecting public health and youth.

However, several critical points still require clarification when the bill is introduced. These include the announced limit on THC content and the regulations regarding cannabis social clubs.

The ministers have indicated that a bill to implement the proposed plan would be introduced later this month, with the legalization going into effect at some point this year. However, the draft law for the regional commercial sales pilot programs has an unspecified release date and will come at a later time.

By taking this step, Germany is poised to become the second EU member to legalize cannabis for personal use, following in the footsteps of Malta, which did so in late 2021.

It seems that other EU countries considering legalizing cannabis could potentially overcome the legal obstacles posed by EU regulations by adopting the cannabis social club models already established in Spain and soon to be implemented in Malta. Additionally, they could allow domestic cultivation for personal use, as the sale of cannabis products is currently prohibited under international and European legal frameworks.

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