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Bullboard - Stock Discussion Forum Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol... see more

NDAQ:TLRY - Post Discussion

Tilray Brands Inc > German Cannabis Legalization Update
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Post by DaveInCalgary on Apr 28, 2023 4:22pm

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

Comment by DaveInCalgary on Apr 28, 2023 4:23pm
https://www.rnd.de/politik/cannabis-legalisierung-karl-lauterbach-legt-ersten-gesetzentwurf-vor-6YJX5KNE7VK57HBDAKFDLVHROE.html
Comment by Medinecheck on Apr 29, 2023 3:29pm
The German legalization is absolutely poor for Tilray and others competitors ! You can olnly buy pot in clubs with members of max 500.... only in special cities... but you are allowed to keep private 3 plants.. Not the big biz for the biggies ! Alos thought it would come the other way.. GLTA
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