Germany’s plans to legalize cannabis stimulate investment opportunities for start-up

Germany’s plans to legalize cannabis stimulate investment opportunities for start-up
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During its coalition contract that was presented back in October, Germany’s new government declared its plans to legalize adult-use cannabis. Up until today, lawmakers are still slacking in terms of drafting Germany’s cannabis legalization bill; not even a schedule has been drawn up thus far. However, this bleak reality hasn’t dampened the spirit of experts, many of whom remain confident that a legalization law will be curated and passed within the next two years. Growers are likely to benefit immensely from Germany’s cannabis market (when it eventually transpires) and Berlin-headquartered Sanity Group is one of them.  The company has constructed a multimillion-dollar cannabis testing and processing facility wedged in the rolling hills of a German vineyard-specked village.  Sanity Group’s new facility will serve the country’s ever-growing cannabis consumer demographic. As many as five million people are believed to use the plant illegally in the European country. So far, the specialist company has been on the receiving end of more than 65 million euros (USD$73 million) in financial backing from international and national investors, such as Snoop Dogg’s investment fund Casa Verde and founding members of the Black Eyed Peas will.i.am. Cannabis legalization in Germany will be a “paradigm shift” Last September, during the federal election, members of the parties that constitute Germany’s center-left coalition were negotiating their collaborations. Among the many things that were negotiated over, cannabis legalization was one of the first subjects to surface in conversation. The pact comprises two main junior parties — the environmentalist Greens and the liberal Free Democrats. Each party had been trying to turn the tides in favor of legal weed for quite some time. The coalition-leading Social Democrats have also been working hard to relax the country’s cannabis laws.  “The legalization of cannabis [in Germany] is a paradigm shift,” wrote medical doctor…

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