The Legalization of Cannabis in Germany: A New Era Dawns for Cannovum Cannabis AG

The German Bundestag today passed the cannabis law. This decision marks a historic opportunity for the economy, opening up cannabis consumption in Germany starting on April 1. Cannovum Cannabis AG, listed on Frankfurt/Xetra, Düsseldorf, Munich, Hamburg, Berlin and gettex, foresees significant expansion in this new market.

The law will allow for personal recreational cannabis cultivation as well as through cannabis clubs, where Cannovum holds a majority stake in Anbau-Allianz für Deutschland GmbH. The latter, a consortium of large German agricultural companies, aims to play a key role in the cannabis club sector, with revenues potentially reaching 2.4 million euros per club.

Cannovum's collaboration with various partners ensures significant competitive advantages, particularly in model regions where sales will be permitted. The company aims to develop the first premium cannabis brand in Germany.

The creation of cannabis social clubs is supported by strong partnerships, including Osnabrück University of Applied Sciences and other key players, aiming to ensure a superior quality product for the German market.