German gov’t docs show big changes in Cannabis Act: Recreational sales and tax revenue to skyrocket.

Leaked Documents Suggest Significant Changes to Germany’s Cannabis Act: Leaked documents from the German government suggest that the country’s upcoming Cannabis Act could include significant changes, such as allowing the sale of recreational cannabis in licensed dispensaries. The proposed changes have been met with mixed reactions from industry stakeholders and the public. View other drafts Yes, that’s correct. Leaked documents from the German government suggest that the country’s upcoming Cannabis Act could include significant changes, such as allowing the sale of recreational cannabis in licensed dispensaries. The proposed changes have been met with mixed reactions from industry stakeholders and the public. Key Points from the Leaked Documents Legalization of Recreational Cannabis: The leaked documents suggest that the Cannabis Act would legalize the possession and sale of recreational cannabis for adults 18 and over. Licensed Dispensaries: Recreational cannabis would be sold through licensed dispensaries, similar to the system used in Canada. Home Cultivation: The documents also suggest that adults would be allowed to cultivate up to two cannabis plants for personal use. Taxation: The Cannabis Act would impose a tax on recreational cannabis sales. Reactions to the Proposed Changes Industry Stakeholders: Industry stakeholders have generally welcomed the proposed changes, arguing that they would create a safe and regulated market for recreational cannabis. Public: The public has been more divided on the issue, with some people supporting legalization and others expressing concerns about the potential impact on public health and safety. Next Steps The German government is expected to finalize the Cannabis Act in the coming months. The bill will then need to be approved by the Bundestag, Germany’s lower house of parliament, and the Bundesrat, Germany’s upper house of parliament. If the bill is approved, it is expected to take effect in 2024. Potential Impact of Legalization The legalization of recreational cannabis in Germany is expected to have a significant impact on the country’s cannabis industry. The market is expected to grow rapidly, and there could be a significant increase in tax revenue. The legalization of recreational cannabis could also have a positive impact on public health by reducing the use of the illicit market.

The leaked documents indeed suggest that Germany’s upcoming Cannabis Act may introduce significant changes to the country’s cannabis policy. The key points from the leaked documents indicate a move towards legalizing the possession and sale of recreational cannabis for adults, the establishment of licensed dispensaries, and the allowance for home cultivation of cannabis plants1.

The proposed changes have elicited a range of reactions from industry stakeholders, who largely support the creation of a regulated market, and from the public, which remains divided on the issue. The next steps involve finalizing the Cannabis Act and obtaining approval from both houses of the German parliament, with the potential for the bill to take effect in 20241.

The legalization of recreational cannabis in Germany is expected to significantly impact the cannabis industry, potentially leading to rapid market growth, increased tax revenue, and a positive shift in public health by reducing reliance on the illicit market1For more detailed information on the proposed changes and their implications, you can refer to the news articles and reports discussing the leaked documents1.

Learn more:

1. weedworthy.com2. benzinga.com3. practiceguides.chambers.com4. cannabishealthnews.co.uk5. bbc.com6. itv.com— see less

The leaked documents regarding significant changes to Germany’s Cannabis Act were reported by various local media outlets in the week of November 29, 20231The details of the leaked version of the new plan were published by the German newspaper Die Zeit in late March, and the new plan was officially announced on April 12, 20232The 2022 deregulation proposal was leaked around October 19, 20222These documents suggest that the Cannabis Act would legalize the possession and sale of recreational cannabis in licensed dispensaries, among other changes1.

Learn more:

1. businessofcannabis.com2. en.wikipedia.org3. practiceguides.chambers.com4. eucannajobs.com

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