High Tide Inc. announced that it welcomes the start of cannabis legalization in Germany. Effective April 1, 2024, German adults will be allowed to possess up to 25 grams of cannabis and grow up to three plants for personal use. Then, beginning July 1, German adults will be able to join not for profit social clubs where they will be able to purchase up to 25 grams of cannabis, with a cap of 50 grams per month.

That cap is 30 grams for members under 21 years old. These reforms represent the first pillar of Germany's cannabis legalization strategy. The German government has made it clear that it also intends to move forward with the second pillar of its plan, that would establish pilot programs for commercial sales through cannabis specialty shops in cities throughout the country.

That legislation is expected to be unveiled after it is submitted to the European Commission for review later the year 2024.