On 23 February 2024, the German Bundestag passed the Act on the Controlled Use of Cannabis and on the Amendment of Other Regulations (Cannabis Act). This Act legalises private cultivation by adults for their own use as well as the joint, non-commercial cultivation of cannabis in cultivation associations. The Cannabis Act opens up new opportunities for the cannabis industry compared to the current situation. Even though the large-scale cultivation and commercial sale of cannabis for recreational purposes will not be possible during the first phase of the legislation, there will already be business opportunities to distribute cannabis seeds, accessories, infrastructure and to provide expert know-how.

This Act legalises private cultivation by adults for their own use as well as the joint, non-commercial cultivation of cannabis in cultivation associations. The large-scale cultivation and commercial sale of cannabis for recreational purposes will not yet be possible during the first phase of the legislation but is scheduled for later this year. It is therefore essential to gear up already now in order to position oneself as a supplier, distributor or producer within the envisaged legal framework of phase one and two. Therefore, Grant Thornton experts will give you a comprehensive look at the market environment, completive landscape and customer trends as well as the status of the legislative process of the Cannabis Act, the accounting, audit and tax aspects in this respect.

We will cover the following topics:

  • Market environment, completive landscape and customer trends
  • Status of the legislative process and effects on the industry
  • The best way to position oneself as a supplier, distributor or producer within the envisaged legal framework
  • Accounting and audit aspects relating to operations in Germany
  • Tax aspects relating to cannabis operations in Germany

The event is free of charge.

Join us for our webinar – we’re looking forward to talking to you.

Speaker

Dr. Mathias Reif
Partner

Jules Holtgrewe, LL.M.
Associate

Thorsten Esser
Senior Manager

Robert Prutz
Partner

Dr. Stephane Müller
Partner