This story by Matt Lamers from MJ Biz Daily 25 November 2021
Europe’s largest economy moves towards legalization
The three parties expected to form the next government in Germany have agreed to regulate the distribution and sale of recreational cannabis, according to a coalition agreement released Wednesday, 24 November 2021..
Europe’s largest economy taking a step toward marijuana legalization and regulation is being viewed as a significant achievement by social groups that have long advocated for an end to cannabis prohibition.
Businesses also are hoping to profit from sales of the drug under the watchful eye of government regulators.
However, the document contained little in the way of detail.
Little detail on what controlled distribution means
“We are introducing the controlled distribution of cannabis to adults for consumption purposes in licensed shops. This controls the quality, prevents the transfer of contaminated substances and guarantees the protection of minors,” according to a small section on “Drug Policy” that is part of the 177-page agreement.
It’s unclear where cannabis reform ranks among the coalition’s long list of promises.
The parties also have said they plan to review the law after four years to weigh its social impact.
Unpredictable time-lines towards legalization
The three-party coalition is poised to take power from the current conservative government as early as December, also pending ratification of the agreement.
Alfredo Pascual, vice president of investment analysis at Seed Innovations, told MJBizDaily that the agreement is confirmation the incoming government intends to legalize adult-use cannabis.
“But the timeline until a recreational market will be established is largely unpredictable at the moment,” Pascual said.
“With almost no details provided in the coalition agreement document, ‘legalization’ could end up meaning many different things.”