Cannabis has officially become legal in a new country: Germany.
What’s happening:
- German lawmakers have officially passed a new vote that makes recreational cannabis legal
- The new ruling will allow individuals to possess and cultivate cannabis for personal recreational consumption
Why it matters:
- Decriminalizing recreational cannabis is a critical step towards embracing cannabis at a cultural level as well as bolstering startups and publicly traded companies who are pursuing producing high quality cannabis at scale
By the numbers:
- Germany is now the 9th country globally to legalize cannabis for recreational purposes
- Approximately 4.5M German citizens are estimated to consume cannabis
Yes, but:
- While Canada, Australian and Europe have made favourable regulatory and legal changes to embrace cannabis, the United States is still yet to reschedule cannabis at the federal level
