America's Slow Decline into Hell

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

Nicolás Jose Rodriguez
August 30, 2024

Despite cannabis legalization in Frankfurt, the expected surge in legal cultivation has yet to materialize. The city, which could support up to 129 cultivation associations, has had only two applications submitted since the law took effect two months ago. Across Hesse, just 14 applications have been filed, including in Kassel, Gießen and Vogelsberg, with none as yet approved.

Bureaucratic Hurdles Hamper Legalization Efforts

The slow response is largely due to complex bureaucratic requirements. Applicants must provide extensive documentation, such as certificates of good conduct and an Elster certificate for electronic applications. 

Additionally, addiction prevention training for club prevention officers adds another layer of complexity. In Hesse, it remains to be seen who is authorized to offer this training. A tight three-month deadline and application fees ranging from 500 to 1,000 euros have deterred many potential applicants.

Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.

Medical Marijuana Market Expands Amid Legalization Struggles

While legal recreational market struggles, Germany’s medical marijuana sector is booming. The Federal Institute for Drugs and Medical Devices (BfArM) reported a 51% year-over-year increase in medical marijuana imports in the second quarter of 2024. 

Germany imported 11,706 kg of dried cannabis flower, a 44% increase from the first quarter. The number of patients grew by 400% from March to June 2024.

Illegal Market Thrives As Legalization Efforts Stall

Despite legalization, Frankfurt's illegal weed market has thrived. Illicit cannabis trade has increased significantly as the legal market struggles to establish itself. The Frankfurt police and Public Order Office report minimal changes in enforcement, with 17 pending cases related to excessive cannabis possession. The Public Order Office has collected 278.50 euros in fines, targeting individuals caught with more than 25 to 30 grams in public or 50 to 60 grams at home.

Read Also: 25 German Cities Join Cannabis Pilot Trials In 2024 Under New Legalization Law

Regional Disparities And Delays Across Germany

The challenges in Frankfurt are mirrored across Germany. North Rhine-Westphalia, Germany's most populous state, has received only 43 applications for cannabis cultivation associations, most of which are incomplete. Berlin faces even greater bureaucratic challenges, with no clear authority designated to handle applications. 

Meanwhile, in Baden-Württemberg, 38 applications have been submitted, but none approved due to delays. Lower Saxony plans to introduce hefty fines for violations of cannabis laws, reflecting the broader difficulties in implementing new regulations.

Future of Legal Cannabis Distribution Uncertain

Despite these setbacks, Frankfurt is still interested in pursuing a controlled cannabis distribution model. Other cities, such as Wiesbaden, have shown similar interest. Wiesbaden’s Health Minister recently signed a letter of intent to join a regional cannabis pilot trial. However, Frankfurt has yet to finalize plans or establish a timeline.

Read Next: Berlin Grants First Cannabis Cultivation Permission, Lower Saxony To Introduce Fines With ‘Hefty Penalties’

Continue Reading...

Popular

Elon Musk's SpaceX Launches 90th Mission In 2024, With Over A Third Of Launch Target Still To Go

Elon Musk's rocket manufacturing company SpaceX has launched its 90th launch mission for the year, the company said on Tuesday.

Anthony Scaramucci Calls For Bipartisan Crypto Regulation, 'Applauds' Donald Trump For Coming Towards The Industry

Scaramucci urges bipartisan regulation of cryptocurrency in the U.S., noting Trump's shift towards a positive view and Harris's team's careful consideration. With a growing consensus, upcoming event will discuss the evolving regulatory landscape.

4 Steps to Survive the Coming Market Crash - Ad

There are massive cracks forming right below the surface of our "shining city." These cracks are a symptom of a much bigger problem that threatens the very foundation of our country. Things are starting to unravel at a fast pace, as America sees worst economic hell our country has ever been in.

Sri Lanka's plantation workers live on the margins. But politicians still want their votes

SPRING VALLEY, Sri Lanka (AP) — Whoever Sri Lanka's is, Muthuthevarkittan Manohari isn't expecting much to change in her daily struggle to feed the four children and elderly mother with whom she lives in a dilapidated room in a tea plantation.

Do Not Day Trade (Do This Instead) - Ad

Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shocking way to take 100% certain events (mandated by the U.S. Government)...And target OVERNIGHT payouts like: 253%... 327%... Even 383%! Enough to potentially hand you profits of $25,300... $32,700... heck even $38,300!

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to .

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Micron Technology, Real Estate And Energy ETFs On CNBC's 'Final Trades'

Baruch chooses Micron as bad news is out. Morgan Stanley lowers price target to $100. Micron announces new SSD for gaming, PS5. NB Wealth picks IYR, Ritholtz picks IEO for final trades.

UK inflation is steady at 2.2% ahead of Bank of England's next rate decision

LONDON (AP) — Inflation in the U.K. held steady at an annual rate of 2.2% in August, with higher air fares offset by lower fuel costs and restaurant and hotel bills, official figures showed Wednesday.

5 Stocks That Could Triple in a Week - Ad

What if I told you that I have a system that has detected when these tiny stocks are on the verge of exploding... And what if I told you my system has targeted 5 new stocks that could triple as early as next week? Pay just $5 for a full year of Stealth Trades before this deal disappears!

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

HONG KONG (AP) — American companies in China are seeing record-low profits, with business confidence at an all-time low amid and a , according to a report published Thursday by a U.S. business group.

Palantir And Dell Are Set To Join S&P 500 Index: Here's What Peter Thiel And Michael Dell Have Said About Bitcoin

In a major development, tech behemoths Palantir Technologies Inc. (NYSE:PLTR) and Dell Technologies Inc. (NYSE:DELL) are all set to join the blue-chip S&P 500 index.

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Here's How One Law Could Activate Trump's Universal Tariff Nationwide

Donald Trump has hinted at imposing a universal tariff on all goods imported into the U.S. should he be returned to the White House.

Japanese 7-Eleven convenience store chain operator turns down Couche-Tard takeover offer

TOKYO (AP) — The parent company of the Japanese 7-Eleven convenience store chain said Friday that it’s turning down a takeover offer from Alimentation Couche-Tard Inc. of Canada.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Pop Icons ABBA Challenge Donald Trump's Campaign Over Music Rights

Swedish pop group ABBA has requested that Donald Trump to stop playing their music at his campaign rallies, despite Trump's team claiming they have the necessary permission.

Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Insiders at Trump Media & Technology Group owned social media platform Truth Social have started offloading their shares.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

NEW YORK (AP) — A side of beef bigger than a classroom desktop sat before high school students huddled around a kitchen on New York's Lower East Side. “Anyone wanna jump in?” asked the butcher teaching the Tuesday afternoon class. One student dared, grabbing a sawblade about as long as his arm and sweating to successfully separate the short rib from the rib eye.

Betting On U.S. Elections? Federal Judge's Decision Greenlights Political Wagers

A federal judge has greenlighted Kalshi to offer U.S. election betting, overturning a 2023 CFTC block, with contracts launching next week.

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double - Ad

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

What's Going On With SOFI Shares?

SoFi Technologies, Inc. (NASDAQ: SOFI) shares are trading lower today. Here's what you need to know.

Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC 'Bounce'

Pollster Nate Silver's latest election forecast shows former President Donald Trump slightly ahead of Vice President Kamala Harris in the race for the Electoral College, despite Harris leading in national polls.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Polish electoral body says former ruling party violated campaign rules, imposes penalty

WARSAW, Poland (AP) — Poland's electoral authority said Thursday that the former governing nationalist conservative party violated campaign funding rules in the 2023 parliamentary vote, and imposed a penalty worth millions of dollars that would undercut the party's resources for next year's presidential election.

Brazil Supreme Court panel unanimously upholds judge's decision to block X nationwide

RIO DE JANEIRO (AP) — A Brazilian Supreme Court panel on Monday unanimously upheld the decision of one of its justices to nationwide, according to the court’s website.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Colorado plans to relocate wolf pack as reintroduction effort stumbles amid livestock attacks

Wildlife agencies are trying to capture and relocate the first pack of wolves that formed under Colorado's ambitious after the animals repeatedly , marking an early stumble in the first year of the voter-driven initiative.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Nvidia Set To Reach $10 Trillion Valuation As Blackwell Expected To Propel Chip Maker With 'Fireworks Again' In 2025, Analyst Predicts

NVIDIA Corp is projected to surge to a $10 trillion valuation, according to Beth Kindig, lead tech analyst at I/O Fund. Kindig highlighted the potential of Nvidia's next-generation artificial intelligence chip, Blackwell.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service