Author: Niklas Kouparanis

[ad_1] By Niklas Kouparanis, Bloomwell Group CEO and Co-Founder Since the legalization of adult-use sales in 2018, the Canadian cannabis market has seen rapid highs and, more recently, serious oversupply woes. As of December 2022, the country had a massive stockpile of 1.47 billion grams (3.2 million pounds) of dried cannabis flower, according to Health Canada. As a result of this cannabis surplus, product prices have plunged, and many operators are struggling to maintain profitability. This begs the question: what is the solution to Canada’s oversupply issue? Potential relief may come from across the Atlantic Ocean–Germany, to be specific. Earlier…

[ad_1] By Niklas Kouparanis, Bloomwell Group CEO and Co-Founder In April 2023, German Health Minister Karl Lauterbach announced a two-pillar, scaled-down approach to adult-use cannabis legalization. The blueprint included the introduction of nonprofitassociations, or cannabis clubs, that will be able to cultivate and distribute cannabis to adult members. Additional measures include the rollout of regional, scientific pilot projects to collect data to support future public policy. In May, an early version of Lauterbach’s draft rules for the country’s soon-to-be cannabis clubs was leaked to the German Press Agency. However, these rules are yet to be released officially by the German…