Germany Sets THC Limits For Drivers, Opposition Groups Say It's Too High
Portfolio Pulse from Jelena Martinovic
Germany has set a THC limit of 3.5 nanograms per milliliter for drivers, equivalent to 20 milligrams of alcohol per 100 milliliters of blood. The new law also prohibits alcohol consumption for drivers who have used cannabis. The Bundestag's decision has faced opposition from the conservative Union Fraction (CDU/CSU). Additionally, federal states will have more rights to regulate official growers associations starting July 1. Major cannabis companies operating in Germany include Aurora Cannabis Inc. (NASDAQ:ACB), Canopy Growth Corporation (NASDAQ:CGC), Tilray Brands, Inc. (NASDAQ:TLRY), and Curaleaf Holdings, Inc. (OTC:CURLF).
June 07, 2024 | 3:22 pm
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POSITIVE IMPACT
Aurora Cannabis Inc. (NASDAQ:ACB) may see increased regulatory clarity and potential market growth in Germany due to the new THC limit and legalization measures.
The new THC limit and legalization measures in Germany provide a clearer regulatory environment, which could benefit Aurora Cannabis by expanding its market opportunities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth Corporation (NASDAQ:CGC) stands to gain from Germany's new THC limit and cannabis legalization, potentially boosting its market presence.
The regulatory clarity and expanded market opportunities in Germany could positively impact Canopy Growth's operations and market presence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Curaleaf Holdings, Inc. (OTC:CURLF) may experience positive effects from Germany's new THC limit and cannabis legalization, increasing its market opportunities.
The new THC limit and legalization measures in Germany could provide Curaleaf Holdings with a clearer regulatory environment and expanded market opportunities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands, Inc. (NASDAQ:TLRY) could benefit from Germany's new THC limit and cannabis legalization, enhancing its market potential.
The new regulatory framework in Germany could provide Tilray Brands with a more stable and expanded market, potentially boosting its business.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80