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420 with CNW — German Minister Confident That EU Will Sign Off on Germany’s Adult-Use Cannabis Proposals

Last year, German lawmakers unveiled a measure that would legalize recreational cannabis in the country. The bill would allow adults aged 21 years and older to purchase and possess up to 30 grams of cannabis for personal use as well as legalize the home cultivation of up to three mature cannabis plants per adult.

Speaking at the time, Health Minister Karl Lauterbach said that the measure would help to protect the country’s young people as the current ban on recreational cannabis had proven to be ineffective. Although the measure still hadn’t received parliamentary approval at the time, the largest hurdle it would have to overcome would be to receive approval from the European Union.

In a recent statement, Lauterbach said that he was confident the European Union would choose to approve Germany’s recreational cannabis measure. He also noted that lawmakers would soon publish a cannabis legalization bill that “conforms to European law” in the next couple of weeks.

The minister said that the EU commission gave him “very good feedback” regarding Germany’s cannabis legalization blueprint before he took part in an EU meeting in Brussels. The blueprint for Germany’s pending cannabis legalization law was sent to the European Commission last fall to ensure that it was compliant with EU and global drug laws. The commission is expected to provide a decision regarding the blueprint in the next few weeks.

According to the blueprint, Germany would realistically launch its recreational cannabis industry sometime in 2024. It would also limit the recreational cannabis markets to products cultivated within the country’s borders, dashing the hopes of some global producers who had hoped that the move to legalize recreational cannabis in Germany would open up the EU’s largest economy to international cannabis trade.

Even if Germany had found a way to allow recreational cannabis imports, international drug-control treaties that prevent the shipment of cannabis across borders would have made trade with foreign producers nigh impossible.

Lauterbach said in October 2022 that the plan was for Germany to cultivate and harvest all the crop in the recreational cannabis market without any reliance on foreign marijuana producers. A previous statement from the German government stated that the legislative process for recreational cannabis legalization would only continue if the EU approved the adult-use measure.

If the European Commission approves the blueprint, other countries in the EU could use it as a guide if they decide to follow Germany and legalize recreational marijuana.

The legalization of marijuana comes with several direct and indirect benefits, such as creating markets for the products made by numerous ancillary entities such as Advanced Container Technologies Inc. (OTC: ACTX) serving cannabis industry companies.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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