Here at The Daily Marijuana Observer, we're making more of an effort to cover the cannabis legalization efforts happening all over the globe. On the surface, it may seem ridiculous that someone interested in Canadian marijuana stocks would care about what's going on with cannabis over in Germany, however these two are more connected than you might think. Not only are most of the Canadian Licensed Producers dual-listed on the Frankfurt Stock Exchange, but some of the Canadian LPs have already begun cannabis exports to Germany in anticipation of this month's program launch.
Germany Legalizes Medical Marijuana
Back on January 19th, 2017, Germany's Parliament pulled the trigger to legalize cultivation, sale, and consumption of medicinal marijuana across the country. Starting this month, doctors will actually be able to prescribe "cannabis-based medicine" for patients suffering from one of 30+ listed severe medical conditions.
Don't be fooled though - this legalization is only for medical marijuana! Recreational cannabis is still totally illegal. That being said, if you live in Germany and have one of the listed conditions such as epilepsy, chronic pain, or multiple sclerosis...you're qualified.
Not only do these conditions qualify someone to become a medical marijuana patient, but their health insurance will be forced to cover the costs just like they would for any other widely accepted medicine or treatment.
Point of Sale
When will the marijuana dispensaries start popping up? Well, as the laws are currently set...never. Medical marijuana in Germany will be distributed through pharmacies. Beyond that, it is up to the doctor rather than the patient to determine what consumption method will be most effective. If a patient's doctor says they should be vaping it, then they'll be vaping it.
When can a German patient plant their own cannabis plants in their yard? Also...never. Unlike in Canada, medical marijuana patients in Germany will not be given the option to grow their own medicine. Funny enough, Germany will actually be importing cannabis from Canada in order to get their program up and running. Canadian Licensed Producer Canopy Growth Corp already began exporting cannabis products under their Tweed brand name.
Concerns Going Forward
The German Parliament's main concern is making sure that medical marijuana doesn't flow into the black market to become recreational marijuana. Especially since insurance companies will be paying for the products, it would cause tremendous backlash if that medicine became no different than illegal street weed. After all, a majority of the people in Germany currently oppose recreational cannabis legalization despite near unanimous support for medical marijuana. Hopefully, if this goes smoothly, the people of Germany will change their opinions regarding recreational use of the plant.
Now Read: Marijuana Stocks on the Frankfurt Stock Exchange
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