Germany to Legalize Purchase of Up to 30 Grams of Cannabis

10/27/2022

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.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.

Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.

The Blubber

The Pentagon has officially accepted a $400 million luxury airliner from Qatar that Trump said will serve as Air Force One

Klarna CEO has said that AI helped company shrink workforce by 40%

Serious Credit Card delinquencies has risen to 12.31%

Software engineer lost his $150K-a-year job to AI—he’s been rejected from 800 jobs and forced to DoorDash and live in a trailer to make ends meet

Stay Updated