Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

High Tide Inc V.HITI

Alternate Symbol(s):  HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.


TSXV:HITI - Post by User

Post by thebeston Dec 29, 2021 1:10am
330 Views
Post# 34266670

germany move to legalize cannabis

germany move to legalize cannabis

Germany Moves To Legalize Cannabis, Second Country After Malta In Europe

Cecilia Rodriguez
Listen to article5 minutes

At this point, all the new German coalition government has said is that it would allow “the controlled sale of cannabis to adults for recreational purposes in licensed shops,” an announcement that has brought the cannabis market to new heights and raised serious concerns among other European countries.

 

The proposal to establish a regulated market for adult sale and consumption of marijuana and to promote a broader drug policy — including regulated and taxed dispensaries, quality controls and effective youth protection laws — was featured in the deals agreed among the German coalition parties negotiated in strict secrecy after September elections.

A game-changing move

The center-left government led by Olaf Scholz, a Social Democrat who replaced the longtime center-right chancellor Angela Merkel, works in coalition with the progressive Greens and the pro-business Free Democrats.

Former Chancellor Merkel’s Christian Democrat party had blocked the proposal for years.

Although no timetable has been set for the introduction of legislation, “the plan could still turn out to be a game-changing precedent for the global business of growing and selling marijuana, one that will be closely watched by other countries toying with liberalising their drug laws,” reported the Financial Times.

While not illegal to consume cannabis under current German law, purchasing the drug is outlawed. A contradictory position as in other European countries including the Netherlands, Portugal, and Spain, where possession of small amounts of cannabis can still be a civil infraction at the same time that it’s available in “tolerated” coffee shops or cannabis social clubs.

Biggest in the world

The plan, which would open a significant market for growers and dealers, includes a reevaluation of the new law and its repercussions after four years.

Germany would be the largest nation in the world to legalize cannabis after Uruguay, Canada, Malta and 18 states in the Unites States.

Forbes LifestyleQ&A: Paul Reiser On Stand-Up Comedy, Johnny Carson, Stranger Things, Bruce Springsteen And MoreNoda, Michelin-Starred Omakase Restaurant, Moves Manhattan LocationREAD MORESubaru WRX STI Aims To Outperform AMGs Best 4WD TurboEntry-Level BMW I4 Electric Car Scores 301 Miles Of EPA RangeWhy 2022 Is The Year To Begin Your JournalDelta Airlines May Reduce Extreme Change Fees And The Variable Pricing Of TransportationNoda, MichelinStarred Omakase Restaurant,Moves Manhattan Location
 
Noda, Michelin-Starred Omakase Restaurant, Moves Manhattan Location

Decriminalisation, according to the Financial Times “could deliver a net benefit to the state of €4.7 billion a year, including €2.8 billion in tax revenues and €1.36 billion in savings on police and legal costs, according to a recent study by Heinrich Heine University Dsseldorf.”

Malta, first in Europe

The German initiative follows that of Malta, the European Union’s smallest member state, which last week became the first European Union country to legalize the use and growth of marijuana for recreational purposes.

The Malta government said that “the new law was aimed at ending the criminalization of people for smoking the drug and at reducing criminal trafficking,” wrote the New York Times.

The law passed by parliament now awaits the president’s signature, which is considered a formality. It allows people to carry up to seven grams of marijuana, grow up to four plants in their apartments and keep up to 50 grams of dried cannabis at home.

“Malta has formally legislated what exists in other European countries in a weird gray area,” Steve Rolles, an analyst at Transform Drug Policy Foundation, an advocacy group in Britain, told the paper.

In the hands of nonprofits

A new government organization called the Authority on the Responsible Use of Cannabis will be in charge of the regulation that, among other rules, establishes that marijuana outlets be situated more than 250 meters from schools or youth centers and is managed by nonprofit groups that will be allowed to grow the plant.

Their members can buy up to seven grams a day, up to a maximum of 50 grams a month.

It is still prohibited to consume cannabis in public, with higher fines for violations when minors are present and fines from €50 to €100 for people carrying between seven and 28 grams.

The German and Maltese decisions are likely to be followed by other members of the Union. A referendum in Italy obtained the necessary number of signatures while Switzerland, Luxembourg and the Netherlands are discussing the introduction of new drug regulations that move toward legalization.

Follow me on Twitter or LinkedInCheck out some of my other work here

 

I'm a dual Colombian-Luxembourgish freelance journalist, inveterate traveler and writer based in the world's only Grand Duchy. I write a column

...

 

 
 
 
<< Previous
Bullboard Posts
Next >>