Berliner Boersenzeitung - Legal weed limps into next phase in Germany

EUR -
AED 4.074348
AFN 78.016446
ALL 99.632691
AMD 430.125276
ANG 2.001452
AOA 1022.185011
ARS 1059.19379
AUD 1.663304
AWG 1.996663
AZN 1.890141
BAM 1.95546
BBD 2.24231
BDT 132.706945
BGN 1.95546
BHD 0.417727
BIF 3207.842712
BMD 1.109257
BND 1.442349
BOB 7.673667
BRL 6.209738
BSD 1.110507
BTN 93.299791
BWP 14.748438
BYN 3.634369
BYR 21741.442931
BZD 2.238511
CAD 1.506205
CDF 3153.618884
CHF 0.935032
CLF 0.037926
CLP 1046.498195
CNY 7.863419
CNH 7.869682
COP 4622.996862
CRC 583.298665
CUC 1.109257
CUP 29.395318
CVE 110.245847
CZK 25.053246
DJF 197.765643
DKK 7.467192
DOP 66.448456
DZD 146.879483
EGP 53.689673
ERN 16.638859
ETB 127.467256
FJD 2.461225
FKP 0.86358
GBP 0.84473
GEL 2.984335
GGP 0.86358
GHS 17.401977
GIP 0.86358
GMD 77.648405
GNF 9597.332687
GTQ 8.591507
GYD 232.349635
HKD 8.646827
HNL 27.519219
HRK 7.618478
HTG 146.624527
HUF 394.086268
IDR 17147.398392
ILS 4.13438
IMP 0.86358
INR 93.164136
IQD 1454.847254
IRR 46705.278687
ISK 152.600954
JEP 0.86358
JMD 174.369707
JOD 0.786135
JPY 157.897273
KES 142.98516
KGS 93.403678
KHR 4524.214023
KMF 493.069075
KPW 998.331474
KRW 1485.040811
KWD 0.338779
KYD 0.925439
KZT 532.537484
LAK 24532.738008
LBP 99450.422807
LKR 331.782361
LRD 216.562377
LSL 19.696178
LTL 3.275349
LVL 0.670979
LYD 5.287081
MAD 10.781927
MDL 19.323643
MGA 5045.123527
MKD 61.524312
MMK 3602.824416
MNT 3769.255622
MOP 8.914251
MRU 43.799391
MUR 50.981885
MVR 17.027519
MWK 1925.765443
MXN 22.165457
MYR 4.803643
MZN 70.853853
NAD 19.696178
NGN 1780.535853
NIO 40.882898
NOK 11.888077
NPR 149.280066
NZD 1.796514
OMR 0.426676
PAB 1.110507
PEN 4.212368
PGK 4.396236
PHP 61.830417
PKR 309.345658
PLN 4.285893
PYG 8578.509684
QAR 4.047997
RON 4.974801
RSD 117.007673
RUB 99.832656
RWF 1492.140775
SAR 4.164333
SBD 9.259888
SCR 15.236253
SDG 667.222339
SEK 11.428845
SGD 1.446143
SHP 0.86358
SLE 25.343537
SLL 23260.535519
SOS 634.689737
SRD 32.153491
STD 22959.386371
SVC 9.717312
SYP 2787.04244
SZL 19.690579
THB 37.43082
TJS 11.827445
TMT 3.893493
TND 3.371114
TOP 2.599771
TRY 37.601053
TTD 7.526692
TWD 35.541495
TZS 3020.675228
UAH 45.516193
UGX 4125.283328
USD 1.109257
UYU 44.852208
UZS 14112.548274
VEF 4018342.815906
VES 40.653047
VND 27304.368252
VUV 131.69322
WST 3.106944
XAF 655.843063
XAG 0.03972
XAU 0.000444
XCD 2.997824
XDR 0.824757
XOF 655.843063
XPF 119.331742
YER 277.702966
ZAR 19.802451
ZMK 9984.650719
ZMW 29.179931
ZWL 357.180396
  • SCS

    -0.6100

    13.23

    -4.61%

  • BCE

    -0.2000

    35.75

    -0.56%

  • RELX

    0.3100

    46.2

    +0.67%

  • BCC

    -0.6600

    124.13

    -0.53%

  • NGG

    -0.3700

    67.62

    -0.55%

  • RBGPF

    58.7100

    58.71

    +100%

  • CMSC

    0.0600

    25.02

    +0.24%

  • CMSD

    0.1000

    25.04

    +0.4%

  • JRI

    0.0300

    13.12

    +0.23%

  • RIO

    -0.6800

    59.71

    -1.14%

  • GSK

    0.5400

    43.67

    +1.24%

  • RYCEF

    -0.0300

    6.07

    -0.49%

  • VOD

    -0.2200

    9.97

    -2.21%

  • AZN

    0.0500

    83.05

    +0.06%

  • BP

    -0.4500

    31.9

    -1.41%

  • BTI

    0.3200

    38.61

    +0.83%

Legal weed limps into next phase in Germany
Legal weed limps into next phase in Germany / Photo: Michaela STACHE - AFP

Legal weed limps into next phase in Germany

So-called cannabis clubs will be allowed to sell the drug legally in Germany starting Monday, but in practice it will be some time before the associations get up and running.

Text size:

Germany legalised cannabis in April, allowing adults to possess 25 grammes (0.9 ounces) and cultivate up to three marijuana plants at home.

As the next step in the reform, from July 1 it will be possible to legally obtain weed through regulated "cannabis clubs" in the country.

The associations will be allowed to have up to 500 members each and will be able to distribute up to 50 grammes of cannabis per person per month.

Mariana Cannabis, an umbrella organisation for around 180 future cannabis clubs across Germany, already has around 20,000 members.

But at the group's production site in Leverkusen, just north of the western city of Cologne, there are no seeds or cuttings to be seen.

That is because before the clubs can begin operating, they must apply for a licence that can take up to three months to obtain.

"We are impatient, but we still have to wait," Keno Mennenga, a spokesman for Mariana Cannabis, told AFP.

- Black market -

In Munich, members of the Cantura cannabis club have been paying 25 euros ($27) a month since March, before the first part of the law even came into force.

The club has invested thousands of euros in office space, security and cultivation equipment, according to its CEO, Fabian Baumann.

"We need around eight weeks from cutting to harvesting," he said. "If everything goes well, we'll be able to supply cannabis to our members this year. That would be wonderful."

When launching the first phase of the law in April, the German government insisted that it was not promoting cannabis use but rather seeking to curb the black market for the drug.

"The German model is based on a gradual approach. The idea is to be cautious and to evaluate in real time," said Ivana Obradovic, an expert with the France-based Monitoring Centre for Drugs and Drug Addiction (OFDT).

She said the model had incorporated lessons from several other systems that have been tested around the world.

"The idea is to keep control of supply so that it doesn't prosper rapidly," Obradovic said.

In the United States, the legalisation of cannabis in many states has created "a situation of overproduction, particularly in California and Oregon, where production exceeds local demand by five to six times", she said.

Nonetheless, all countries that have legalised cannabis have seen some level of decline in black market sales.

In Canada, around 75 percent of cannabis users now buy through legal channels, compared with just 40 percent in 2018, the year the drug was legalised, according to the OFDT.

Mennenga, at Mariana Cannabis, acknowledged that in Germany, "The black market is in control and it's getting worse".

"We can stop it getting worse."

- Political fears -

Bluetezeit, a Berlin-based start-up specialising in cannabis products, hopes that Germany will eventually authorise the sale of the drug in pharmacies or licensed shops.

For Nikolaos Katsaras, head of the company, only a competitive and lucrative legal market can compete with a black market that has been established for years.

In the meantime, Bluetezeit has already built up an online community of 10,000 members.

The company plans to develop cannabis clubs while also selling cannabis products online and offering consultations for people who want to use the drug for medical purposes.

Katsaras said he aimed to "take the pulse of the market" in deciding the right direction for the company.

His only fear is that a general election set for Germany in 2025 brings a change of government, which could put the brakes on the industry's development.

Friedrich Merz, leader of the Christian Democrats (CDU), the main opposition party, has said he will annul the legalisation of cannabis if his party returns to power.

(Y.Yildiz--BBZ)