Skip to content
Business Company News, International News

Germany legalises cannabis: Australian medicinal cannabis company Little Green Pharma sees benefits

Chapter One Advisors < 1 mins read

Little Green Pharma Ltd (ASX: LGP, “LGP” or the “Company”) is pleased to announce that in an historic move, the German Bundestag voted on Friday to legalise cannabis by removing it from the Narcotics List from 1 April 2024. This represents the most significant legislative change in global cannabis markets since Canada legalised cannabis in 2018.

Germany is currently the largest medicinal cannabis market in Europe. The change will make it the largest federally legal cannabis market globally, and is anticipated to result in an increase in the number of patients and consumers by multiples while catalysing similar changes across Europe.

The change allows for the establishment of not-for-profit cannabis clubs, limited home cultivation and possession of personal use quantities. Critically, the decision removes cannabis from the Narcotics List, meaning the existing medical access pathway will be substantially improved through the removal of prescribed conditions, narcotic reporting, and pharmacy stockholding limitations; and the easing of the rules around telehealth services, e-scripts, and direct delivery to patients.

The new laws present LGP with a unique opportunity given its well-established partnerships with multiple German distributors, large bank of cannabis genetics, and ownership of the largest and most advanced EU GMP recognised medicinal cannabis facility in Europe strategically located just two hours from the German border. Ongoing EU GMP standards for medicinal cannabis will also continue to constrain North American non-GMP supplier participation in the market. For more information see LGP investor presentation dated 8 February 2024: Investor-Webinar-December-Quarterly-Results-Presentation.pdf (

Contact details:

David Tasker:
T: +61 433 112 936


More from this category

  • Business Company News, Human Resources
  • 24/04/2024
  • 15:55

LinkedIn reveals Australia’s Top Companies for career growth in 2024

LinkedIn has unveiled its 8th annual Top Companies List – a data-backed ranking of the 25 best employers to grow a career in Australia right now. Fuelled by unique LinkedIn data, the methodology looks at different aspects of career progression like how employees are getting promoted, adding new skills, gender diversity and more. This year’s list has seen Commonwealth Bank take out the top spot, with Canva making its debut at number nine – the first time the online design and visual communication platform has moved from the top startup companies list. Please note that the companies aren’t aware where…

  • Business Company News, Oil Mining Resources
  • 24/04/2024
  • 12:02

CIMIC increases ownership of Thiess to 60%

CIMIC Group has entered into an agreement with funds advised by Elliott Advisors (UK) Ltd (Elliott) regarding the acquisition by CIMIC of an additional…

  • Contains:
  • Business Company News
  • 23/04/2024
  • 07:19
Chartered Accountants ANZ

CA ANZ Media Release – Climate related reporting a huge financial burden for Group 3 firms

23 April 2024 CLIMATE REPORTING BILL A SIGNIFICANT COST FOR GROUP 3 BUSINESSES Almost 90 per cent of auditors who responded to a new survey from peak accounting body Chartered Accountants ANZ (CA ANZ) do not support the Government’s requirements to implement mandatory Climate Reporting and assurance on Group 3 Firms. Group 3 Firms include private companies, Not for Profits, or companies limited by guarantee. The survey was conducted by CA ANZ between 12 and 17 April 2024. Members that were surveyed included those involved with reporting and auditing work, work with SMP or NFP organisations, or have a direct…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.