Germany could be nearing legalizing adult-use cannabis

Germany’s likely next ruling coalition is closing in on a deal to legalize cannabis for adult use. Negotiators for the Social Democrats, Greens, and pro-business Free Democrats are hammering out the details, including conditions under which the sale and use of adult-use cannabis would be allowed and regulated, anonymous sources stated.

No final decision on cannabis has been made and the outcome could still change, the sources said. Spokespeople for the Greens and SPD declined to comment on any aspect of the coalition talks. A spokesperson for the FDP did not immediately respond to a request for comment on the cannabis plan.

Despite that, an agreement on legalization would not be overly surprising. The likely coalition partners have been more open to the idea than Angela Merkel’s Christian Democrats, who have been in power since 2005. 

The step could bring in fresh tax revenue and be a boon for U.S. and Canadian cannabis firms as well as a nascent German industry that includes firms such as Cantourage GmbH and Synbiotic SE.

Read the complete article at bloomberg.com.


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