Germany A New Market in Medical Marijuana

Germany is liberalizing cannabis access for the seriously ill. Both domestic and international firms are vying for a market potentially worth hundreds of millions of euros.

Germany is taking another step to make cannabis available to patients, mandating that health insurers cover the cost of the pain medication in certain cases for the seriously ill.


Doctors rejoice as Germany kicks off medical marijuana prescriptions

Marijuana is the most-consumed illegal drug in Germany, but as of this month cannabis now has expanded medical and legal allowances. And this makes doctors as well as patients happy.

Germany’s doctors are embracing the newly legal prescription of medical marijuana, which went into effect at the start of this month.

“I predict a certain increase of this therapy, though to what extent is unclear,” said Josef Mischo of the German Medical Association, referring to how doctors can now treat their patients with the drug.

“As a medical community, we welcome the fact that therapeutic possibilities have now been expanded.”


Germany's New Weed Laws: What You Need to Know

Germany just passed one of the world’s most progressive medical marijuana plans. The new law will put weed in more pharmacies and require public insurers to cover the costs of cannabis products, as they do other pharmaceutical prescriptions, when cannabis is prescribed for “severe conditions.”

Germany will also start growing its own weed. This will replace the old medical marijuana law, which granted permits for people to grow their own. So recreational growers will not have any excuses for ‘exotic houseplants.’


German Parliament Set to Pass Medical Marijuana Bill

The German parliament (Bundestag) is expected to pass a law on Thursday that would officially make marijuana legal for medicinal purposes.

Sources from the various parties in the Bundestag say the proposal by the Health Ministry will pass on Thursday, according to DPA, allowing seriously ill patients to receive prescriptions for cannabis products.

Currently only certain people with serious medical conditions may be granted permission to use the drug for self therapy, and the bar is set fairly high. Only around 1,000 people in the whole country currently have been given permission to use the drug.


Cannabis Coffee Shops to Open in Europe's Largest Economy?

Is Germany the major growth frontier for the medical cannabis industry?

Many news outlets have recently discussed the potential opening of cannabis coffee shops in Germany and this has left investors wondering how this may impact their investments, specifically Canopy Growth Corp (CGC.TO) (TWMJF).

Cannabis legalization has been a growing trend around the world. From Canada to Australia, legal cannabis movements have made strides across the globe and these developments have caught the stock market’s attention.

Germany’s Capital to Allow Cannabis Coffee Shops…


Dutch Cannabis Heading to the German Medical System

Dutch newspaper Telegraaf reported earlier this month that exportation of medical cannabis from the Netherlands is looking very likely to increase due primarily to increases in demand fueled by the burgeoning market for medical marijuana in Germany. The Netherlands currently exports medical cannabis to Canada, the Czech Republic, Italy, Finland and Germany for medical use, scientific research, and importation and exportation of cannabis resins.
The English language news website Dutch News reports:

The global experiment of marijuana legalization

In 2016, more countries legalized the use of marijuana for medicinal or recreational purposes.


Germany Health Insurance Providers May Cover Medical Marijuana

Medical cannabis has seen a rather dramatic political renaissance over the past two decades. Until California passed Proposition 215, there were no states with legal marijuana. Today, 28 states and Washington, D.C., have legal marijuana while medical use has supermajority support among American voters. Medicinal use laws clearly help increase the support for adult use by non-patients as more people become educated about cannabis use.


Germany Is Poised to Be a Powerful Cannabis Market

With a population of 80.6 million and nearly 140k square miles, the country of Germany is roughly 85% the size of California, and contains over double the population. As medical cannabis laws across Europe become liberalized and attitudes toward adult recreational use continue to soften, Germany is now poised to be the next big thing in the European cannabis market.


Germany: Düsseldorf moves forward with plans to legalize cannabis

Düsseldorf City Council on Wednesday took the next step in its plan to legalize the regulated sale of recreational cannabis to over 18-year-olds, taking advice from experts in psychology, crime and economics during a consultation at City Hall.

Representatives from other city councils interested in pursuing similar schemes, including Cologne and Münster, were also present at the meeting.

Dr Armin Claus, a child psychologist specializing in youth addiction, voiced concerns that legalization could reduce young people's awareness of the dangers involved in taking this drug.

"The more people who take the drug, the more socially acceptable it becomes, and the less it is seen as a possible danger," Claus said.


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