Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1.
After the ruling coalition’s bill passed Germany’s lower house of parliament last month, lawmakers in the upper house, where the 16 regions are represented, have threatened to block it by sending it to mediation when they meet on Friday in Berlin.
That would likely delay the legislation — potentially a first step toward commercial sales — by at least several months. It could even kill it completely, as its main proponent, Health Minister Karl Lauterbach, warned last weekend in a post on X.
Germany Passes Law Legalizing Personal Use of Cannabis
“We are already hig