Insurance reimbursements for medical cannabinoid products in Germany continued to grow in the first quarter of 2023, showing that Europe’s largest economy continues to see a gradual expansion of its cannabis industry – now one of the largest in the world.
Germany’s cannabis ambitions could still be partially incompatible with European Union law, even though Berlin significantly scaled back the initiative, according to the country’s parliamentary research unit.
The German government published the draft law for the first pillar of its cannabis legalization process that will govern private and communal marijuana cultivation for recreational purposes.
Germany intends to split its planned cannabis reforms into at least two separate draft laws, the first of which is expected to reach the federal Cabinet in mid-August.
The German government is preparing a draft law that would highly regulate so-called cannabis clubs – associations that would not produce profits – potentially leaving very little room for making money for even ancillary businesses.
The German government is backpedaling on its plan to implement nationwide recreational cannabis legalization, instead opting for a two-track, scaled-down approach with limited commercial opportunities – for now.
The German government might be having second thoughts about its plans to pursue full-fledged adult-use cannabis legalization in Europe’s largest economy.
Germany imported a record amount of marijuana for medical and scientific use in 2022, according to new data from the country’s Federal Institute for Drugs and Medical Devices.
German Health Minister Karl Lauterbach has expressed confidence that the country’s plan to legalize recreational cannabis might soon overcome one of its biggest hurdles – European Union approval.
Calgary, Alberta-based High Tide lost 52.5 million Canadian dollars ($38 million) in its quarter ended Oct. 31, driven largely by noncash impairment charges of CA$48.6 million related to e-commerce platforms.
The health minister of Germany’s largest state is asking a key European Union official to block Germany’s plan to regulate recreational cannabis production and sales.
Global company Akanda announced the arrival and sale in Germany of its first shipment of medical cannabis from Portugal.
