Per Bloomberg:
Germany will permit adults to purchase and possess up to 30 grams (a little over 1 ounce) of cannabis for recreational use, as the ruling coalition fulfills a promise to legalize weed.
Chancellor Olaf Scholz’s cabinet approved a proposal on Wednesday that will allow controlled cultivation and distribution of cannabis, as Europe’s biggest economy aims to curb the black market for the drug.
The move is a boost for Germany’s nascent cannabis industry. Firms including SynBiotic SE and Cantourage have laid out ambitious growth plans. The legislation will also bolster public finances, with the government planning a special cannabis tax.
The legalization of weed is far from a free for all. Sales will be restricted to special stores, and the ruling coalition plans to evaluate a limit on the amount of THC -- the chemical that makes you high -- for adults 21 years old and younger. Still, the limitation on the amount that can pe purchased is higher than previous proposals.