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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 Nov 03, 2023 12:01pm
340 Views
Post# 35715953

Tilray Brands - German Cannabis Legalization Update

Tilray Brands - German Cannabis Legalization Update
2023-11-03

Germany: Saxony wants more local medical cannabis 

CATEGORY: LAW, MEDICAL

Unexpectedly, the state of Saxony’s federal government has started a program to promote the growth of cannabis cultivation—but not for recreational use. Instead, this program aims to boost medical cannabis production—a goal that appears to be dominated by Germany’s impending legalisation of cannabis use for recreational purposes.

Saxony: plans for medical cannabis

The proposed law allows adults to possess up to 25 grams of cannabis and grow up to three plants for personal use. It also creates room for organisations devoted to cultivating cannabis non-commercially. However, the stringent regulations that govern medical cannabis remain the same. The limitations include pricing and quantity caps and are subject to oversight by a federal agency.

Surprisingly, Armin Schuster, the Federal Minister of Internal Affairs, addressed the Federal Council that the cannabis legalisation bill sets inappropriate priorities. Instead of legalising recreational cannabis, Germany should adapt the legal framework for medical cannabis. He argues that Germany should provide patients with the best care with more German production.

That is why Saxony is taking over to deal with this problem. The state has submitted an initiative to the Federal Council (Bundesrat) to amend the “Cannabis as Medicine” law, which has been in effect since 2017, in line with the anticipated legalisation of recreational usage.

What stays behind new Saxony’s requirements?

In fact, Germany is becoming more and more in need of medical cannabis. In 2020, three years after the introduction of the production authorization, producers sent 7.2 tons of cannabis flowers to pharmacies. This number doubled to 14.8 tons the next year. Furthermore, according to data from the Federal Institute for Drugs and Medical Devices, 24.8 tons of cannabis were imported in 2022 for use in research and medicine.

However, local production remains severely limited in Germany. The government tender states that 2.6 tons of cannabis flowers can be grown and purchased annually. Demecan, coming from the Ebersbach,  neighbourhood of the Meissen region, is can only transport a maximum of 990 kg and two strains. The rates for imported cannabis are always growing, but they were set during the 2019 contract process and haven’t altered.

Saxony’s Interior Minister Armin Schuster is normally against the legalisation of cannabis for recreational use. However, he has taken up the case of local cannabis growers in the Federal Council because of the above situation. He issued the proposal to the Federal Council’s Internal Affairs Committee. He asks the Federal Government to consider measures to strengthen the legal framework. The Minister argues that it is crucial to guarantee patients with the finest possible supply of medical cannabis.

New approach towards medical cannabis: next steps

The Saxony Interior Ministry says that lifting cultivation restrictions and removing government price controls are necessary. It might adequately reduce the rapidly increasing imports of medical cannabis in favour of domestic production of appropriate quality. Additionally, the changes would create more opportunities for local businesses and have positive effects for patients.

Although the future of medical cannabis production in Germany is unclear, Saxony’s proactive approach may offer a means of ensuring patient access while also assisting local enterprises. It is unclear if this tactic will lead to a more optimistic future for medical cannabis in Germany.

NOTE: Aphria & ACB each were awarded 5 of the 13 Medical Cannabis Supply agreements with the German Government. Aphria was also the ONLY company to be allowed all 3 Medical Cannabis Strains required by the German Government.

Demecan were awarded 3 of the 13 supply agreements and only 2 strains. Demecan has been constantly using German & complaining. (Its run by women). Which both Aphria & ACB have built new, to German Govt Spec Medical Cannabis facilities in Germany, and employ Germans. Demecan has nothing over on them.

Copy of 
Cannabis Act (CanG) Awarded  Q&A : 

Medical cannabis:

  • 41. Will Medical Cannabis still be available in Pharmacies with a prescription?
    Yes. 
    Medical cannabis should be legally clearly separated from cannabis for non-medical purposes. Medical cannabis is therefore not regulated in the Cannabis Act, but in a separate Medical Cannabis Act. The content of the existing regulations on medical cannabis remains essentially unchanged. Medical cannabis may continue to be prescribed as a medicine in accordance with the applicable social law requirements. However, a prescription for a special narcotic prescription will no longer be necessary in the future. A regular recipe is sufficient here.

    42. Does The Law Now Allow Any Company To Grow Medical Cannabis

    • No. The cultivation of cannabis continues to be carried out by companies that were selected in a Europe-wide tender process and commissioned by the Cannabis Agency at the Federal Institute for Drugs and Medical Devices. 
      This cannabis is grown exclusively for medical purposes in accordance with pharmaceutical quality requirements. 
      The prescription requirement remains.

      https://www.bundesgesundheitsministerium.de/themen/cannabis/faq-cannabisgesetz-entwurf.html

      Since the German Government knows the IN COUNTRY GERMAN MEDICAL CANNABIS facilities are not large enough to supply the HUGE EXPECTED INCREASED DEMAND, Aphria / Tilray has been granted a Bilateral Agreement to Provide GPM Certified Medical Cannabis from their Canadian facilities.

      Aphria / Tilray also have approved plans & permits In Place to EXPAND their new existing German Cannabis Facilities.

      ALSO 
      Cannabis Act (CanG) Pillar 2 from this new law allows Edibles which likely will allow Infused Cannabis Beverages. Germans Love Beverages with a BUZZ =
      TRUSS BEVERAGES


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