The Grand Duchy of Luxembourg is well on its way to pioneering cannabis in Europe. The future governing coalition of the Grünen, socialists and liberals, agreed in December 2018 to promote the legalization of cannabis for recreational use for adults. Years ago, it was only the Grünen that insisted on legalization, but in June 2018, within a few months, cannabis was legalized for medical purposes.
A citizens‘ initiative then submitted a petition for full legalization, which reached the required 4,500 signatures relatively quickly. Therefore, the current governing parties included the sensitive issue in their election program. But what was behind the rapid rethinking in June 2018 of allowing medical cannabis? The answer ist quite easy! In Luxembourg, Clearsteam is the subsidiary of Deutsche Börse, which should enable the continuation of trade in cannabis shares that are active in the medical field. With full legalization, other cannabis companies will now find their way to the stock exchange more easily.
Another reason for the legalization of cannabis is the associated dehydration of the illegal market, including the related procurement crime in Luxembourg. Due to the ensured high quality of the cannabis, the health risks for the consumer are clearly minimized.
But the governing coalition does not want to rush things, so the general conditions and the timetable are not yet known. The Ministry of Health has set up a working group to clarify the detailed questions for full legalization. This also includes a very close contact with colleagues in the Netherlands and Canada, the government said. At the end of May this year, Minister of Health Etienne Schneider will fly to Canada to learn about her first experiences in the free use of cannabis.
Canada is the second country besides Uruguay to legalize the cultivation, sale and consumption of cannabis in October 2018. Adults can buy up to 30 grams of marijuana, have with them and smoke. Private cultivation for personal use is also allowed in most regions.
The supply of medical cannabis is already in progress in Luxembourg. In the middle of January 2019, the first 150 doctors received appropriate training. Since then, prescription cannabis can be purchased in a hospital pharmacy. A first order for 20kg of cannabis has already been delivered by a Canadian company.
It is expected that in the long term, Luxembourg will not remain the only country in Europe that will fully legalize the use of cannabis. The only question is, when will the population-rich states like Germany or France follow suit?
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