In this weekend Trade To Black Podcast, TDR Founder Shadd Dales and lead financial writer Benjamin A. Smith interview Apeiron Investment Group founder, Christian Angermayer, and CEO Lars Muller of Germany cannabis licensed producer SynBiotic SE (SBX.DE). Both guest join the broadcast shortly following the historic news that Health Minister Karl Lauterbach recently presented a plan to Chancellor Olaf Scholz’s cabinet last week, as reported by Deutsche Welle.
The move to legislate comes on the heels of public pushback around certain restrictions that would affect the transition of consumers to the legal market. Cornerstones regulations of a planned law legalizing cannabis include:
· 20-30g for private use can be carried on person
· Cannabis products will be sold in licensed stores and pharmacies, and the government plans to cap THC limits at 15%, with a limit set at 10% for those between 18 and 21 years old
· Home-grown permitted on limited scale
· Growth, distribution and sale within government-controlled framework
· Marketing and advertising operations of cannabis products will be prohibited, and dispensaries will be located far from schools, children’s, and youth facilities
As the CEO of the leading German domiciled domestic producer, Lars Muller is excited that legalization is coming to the European Union’s leading country. With a portfolio of production and extraction companies operating cutting-edge facilities, the company believes it has a significant competitive advantage versus the competition.
Especially against foreign producers such as Tilray and Canopy Growth, which do not have licenses to cultivate cannabis in Germany. Those companies are hoping to import cannabis into the country using their existing supply chain, however that may not be possible.
As part of the proposal presented to Chancellor Olaf Scholz’s cabinet, supply of recreational cannabis sold in Germany must be grown and manufactured in the country. Therefore, the import of cannabis products from abroad will be prohibited.
To view out previous Trade To Black Podcast, click here.