Cannabis in Germany
Jul 15, 2018
In shocking news out of Deutschland, BfArM, the federal agency responsible for the management of the first tender cultivation bid, has issued a notice that it is ditching the first tender bid and will start from scratch.
Shocking? This was the likely result after the March 28 decision from the German regional court.
It is also likely to be even more expensive. Not to mention require easy and quick access to European-based or at least easily confirmable pools of cash. It is conceivable that successful applications this time around will not only have to prove that they have a track record in a federally legal jurisdiction but will also have to be able to quickly access as much as 100 million euros.
The Big Three -- Canopy, Aurora, and Aphria -- from Canada can certainly raise that kind of money. We'll likely know the winners of this new process by next year.
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