German parties consider coalition government, discuss sales of cannabis
Germany could be the first country in the European Union to legalize social cannabis. According to a recent report on Forbes, German conservatives, the Green Party and the Free Democratic Party are considering a coalition government and discussing an agreement on fully legalizing cannabis and selling the drug through pharmacies or licensed dispensaries.
Germany is home to Europe’s largest medical cannabis market and German Chancellor Angela Merkel has previously expressed a lack of interest in “making any changes” to the country’s current policy.
If every country in Europe legalized the drug for social use, the European cannabis market could be worth 56.2 billion Euros, according to the European Cannabis Report. Germany’s medical cannabis market is already ahead of other European countries, with a market value of $11.9 billion. If the country was to add social cannabis into the scene, the total market value would reach $17.14 billion.
Germany’s current medical cannabis law, which was unanimously approved by the German cabinet, is available to “seriously ill” patients on a case-by-case basis, and it turns to Canadian companies to import cannabis products for patients. Last month, Canada’s Aurora Cannabis shipped its first 50 kilograms to Germany and earlier this month, two other Canadian companies made a deal to distribute their products to German pharmacies.
While Merkel said there are no plans in place to expand current policies, the four parties that are seeking to form a coalition government may now come to a point of agreement.
As Germany is getting closer to social cannabis legalization, other European countries are taking new measures as well. Cannabis is sold and consumed in Amsterdam’s coffee shops, but the production and distribution of the drug in the Netherlands is still unregulated. Switzerland is meeting the high demand for high-CBD cannabis industry, and Spain is considering a potential cannabis reform.