Legalization In Germany: First Black Cannabis CEO In The Country And German Commissioner Discuss Key AspectsPosted by On

Germany decriminalized medical cannabis in 2016 and in November 2021, leaders of Germany’s incoming governing parties stated they had a formal agreement to legalize marijuana. “We are introducing the controlled supply of cannabis to adults for consumption in licensed stores,” the parties said in a 118-page agreement.

According to the Institute for Competition Economics (DICE) the legalization of recreational cannabis could bring the country some 3.4 billion euros ($3.85 billion) in tax revenue. What’s more, it would save roughly 1.3 billion euros annually for the judicial system and create 27,000 new jobs.

Alain Menghé à Menghé is the CEO and founder of LIO Pharmaceuticals GmbH, a German-based medical cannabis company. In a recent interview with journalist Alex Roger for the International Cannabis Chronicle, the executive talked about the future of the cannabis industry in the European country.

Menghé à Menghé highlighted that opening the cannabis market for the recreational sector will exert pressure on the supplier side. “In the medical sector, for example, the need of developing indication-specific new drugs will force the actors to increase their engagement in R&D while in the recreational sector there will be a shift in innovative branding development,” he said.

Although the market is highly competitive, the CEO noted that firms in the pharmaceutical sector will play “a very important role” after the legalization of cannabis.

“It is clear that…

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Germany decriminalized medical cannabis in 2016 and in November 2021, leaders of Germany’s incoming governing parties stated they had a formal agreement to legalize marijuana. “We are introducing the controlled supply of cannabis to adults for consumption in licensed stores,” the parties said in a 118-page agreement.

According to the Institute for Competition Economics (DICE) the legalization of recreational cannabis could bring the country some 3.4 billion euros ($3.85 billion) in tax revenue. What’s more, it would save roughly 1.3 billion euros annually for the judicial system and create 27,000 new jobs.

Alain Menghé à Menghé is the CEO and founder of LIO Pharmaceuticals GmbH, a German-based medical cannabis company. In a recent interview with journalist Alex Roger for the International Cannabis Chronicle, the executive talked about the future of the cannabis industry in the European country.

Menghé à Menghé highlighted that opening the cannabis market for the recreational sector will exert pressure on the supplier side. “In the medical sector, for example, the need of developing indication-specific new drugs will force the actors to increase their engagement in R&D while in the recreational sector there will be a shift in innovative branding development,” he said.

Although the market is highly competitive, the CEO noted that firms in the pharmaceutical sector will play “a very important role” after the legalization of cannabis.

“It is clear that…



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