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Cannabis in Germany MAR 22 2023 CNBC

[DaveInCalgary]

GERMANY: ENGINE OF EUROPE

‘Cannabis in Germany will be a success story’: Europe’s biggest economy moves closer to weed legalization

PUBLISHED WED, MAR 22 2023  2:41 AM EDT

GERMANY IS EXPECTED TO INTRODUCE A BILL IN THE

KEY POINTS coming weeks

• which, if passed, would greenlight the consumption and
• sale of cannabis in Europe’s largest economy.
• Health Minister Karl Lauterbach last week said that his
• plans received “very good feedback” from the
• European Commission.
• “We need examples like Germany, like Europe, to show
• that society will not collapse if you make it legal,”
• teffen Geyer, director of THR Berlin-based Hanf Museum,
• told CNBC.

BERLIN — Germany could be weeks away from introducing a bill to legalize cannabis under sweeping reforms that would greenlight the consumption and sale of the drug in Europe’s largest economy.

Germany’s Health Minister Karl Lauterbach last week said that the plans had received “very good feedback” from the European Commission, the EU’s executive arm, adding that the bill could be announced by the end of March or in early April.

 

“We will soon present a proposal that works, that is,
that conforms to European law,” Lauterbach said,
following months of talks with Brussels.

The government published draft proposals for the
legalization of adult-use cannabis in October, which
it said aimed to improve public health. Lauterbach insisted
that they would only progress to the Bundestag —
Germany’s federal parliament — if the initiatives
are compatible with EU law.

Under the plans, cannabis would no longer be
classed as a narcotic, and citizens over 18 would be
allowed to carry up to 30 grams of the drug for
personal use. Consumers would also be free to
grow up to three plants at home, and licensed stores
and pharmacies would be able to sell cannabis products...
https://www.cnbc.com/2023/03/22/germany-to-introduce-bill-to-legalize-possession-and-sale-of-cannabis.html

[Rainbowflier]

It'll be interesting to see how much Tilray stock price is affected by just the introduction of the bill let alone actual legalization itself.