Why it matters:
Germany’s coalition government has reportedly reached an agreement on the regulation of cannabis. If the proposed legislation is passed, cannabis legalization could take effect from April 1, 2024.
What they are saying:
The Green Party, part of the coalition government, expressed their support for the new law, stating that it focuses on youth and health protection, ends criminalization, and is practical. The law would allow residents to grow up to three plants at home and possess up to 50 grams of cannabis cultivated at home.
The big picture:
Germany has been working towards cannabis legalization for some time, with the Traffic Light Coalition announcing their intentions in November 2021. The proposed legislation represents a shift towards a more modern and health-oriented cannabis policy in the country.
What to watch:
The current draft of the law will be sent to the German Bundestag for discussion and a possible vote, which could happen as early as next week. The final decision on the law rests with the German Bundestag.
Your take:
The proposed legislation in Germany reflects a growing global trend towards cannabis legalization and regulation. If passed, it could have implications for the cannabis industry and consumer access to cannabis products in the country.
