The Czech Republic could still move ahead with adult-use cannabis legalization in some form, despite legal and political hurdles and Germany’s partial retreat from its plan to regulate marijuana sales.
That’s according to a research note from Owen Bennett. an analyst for New York-headquartered investment banking company Jefferies.
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It appears the Czech Republic still hopes to move ahead but is waiting for Germany’s scaled-back draft law to be published to gauge the European Commission’s reaction, Bennett wrote, citing a report in industry publication Business of Cannabis.
Bennett wrote that cannabis regulation faces legal hurdles under both international and European law.
But, he noted, “the likely bigger stumbling block for legal challenges lies in the issue of the free movement of goods and services, which is one of the pillars of the EU.”
“This, we understand, is one of the main reasons Germany scaled back its plans.”
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