Germany Cannabis Legalization Explained - Trade To Black #2
Posted: Thu Dec 15, 2022 6:49 am
Germany announced earlier this week that it has decided to legalize cannabis opening the gates to a 4-6 Billion Euro opportunity in a country of 80m people.
The announcement begins the process of legalization and according to lead investor Christian Angermayer of German cannabis company Synbiotic (SBX.DE), we can anticipate the recreational market to go live within the next 10-12 months with a 100% guarantee everything goes through.
We also learn how the recreational market will require companies to operate within the country versus importing products into it. Synbiotic (SBX.DE) is currently the only stock market listed company on the Frankfurt Exchange and anticipates having a 2-3 runway time before any outside competition like American MSOs enters the market.