IM Cannabis Corp., a medical marijuana company operating in Israel and Germany, said it has regained compliance with the minimum-bid price requirement to list on the Nasdaq stock exchange.
Aphria RX, the Neumünster, Germany-based subsidiary of Tilray Brands, said Monday it received a medical marijuana cultivation license under the European country’s new Cannabis Act.
Germany entered a new era for cannabis when the government of Lower Saxony, the country’s second-most-populous of 16 federal states, approved its first so-called “cultivation social club.”
Are the operators supplying Germany’s marijuana market today vulnerable to the same oversupply problems that Canada faced?
Germany’s cannabis law took effect Monday, making it the second Group of Seven country to legalize and regulate adult-use cannabis nationally.
Germany’s landmark recreational cannabis law will go into effect on April 1 after clearing the final regulatory hurdle on Friday.
Germany’s chief legislative body on Friday approved a landmark recreational cannabis bill that’s being simultaneously hailed as a generational milestone and “quasi legalization” because the new law stops short of implementing a framework for the distribution and retail sale of adult-use products.
Germany’s health minister believes marijuana legalization will become a reality in the country this spring.
Germany’s parliament won’t have an opportunity to put the first phase of the country’s pending cannabis legislation to a vote this year.
A vote on Germany’s watered-down bill to legalize some recreational cannabis use has been delayed until at least December.
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.
