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Stock impact report

High Tide Welcomes Start of German Cannabis Legalization [Yahoo! Finance]

High Tide Inc. - Common Shares (HITI) 
Company Research Source: Yahoo! Finance
CALGARY, AB April 1, 2024 /PRNewswire/ - High Tide Inc. (" High Tide " or the "Company ") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, welcomes the start of cannabis legalization in Germany. Effective today, German adults will be allowed to possess up to 25 grams of cannabis and grow up to three plants for personal use. Then, beginning July 1 , German adults will be able to join not for profit social clubs where they will be able to purchase up to 25 grams of cannabis, with a cap of 50 grams per month. That cap is 30 grams for members under 21 years old. These reforms represent the first pillar of Germany's cannabis legalization strategy. The German government has made it clear that it also intends to move forward with the second pillar of its plan, that would establish pilot programs for commercial sales through cannabis specialty shops in cities throughout the country. Tha Show less Read more
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