Tilray ($TLRY) Receives First New Cannabis Cultivation License in Germany Under MedCanG

Jul 23, 2024, 01:54 PM

Tilray ($TLRY) has received the first new cannabis cultivation license in Germany under new regulations. This development comes as North American cannabis firms, including those from the US and Canada, are increasingly looking to Germany for growth opportunities due to stagnation in their home markets. The new regulations in Germany, referred to as MedCanG, have partly legalized cannabis, prompting companies like Tilray to ramp up their investments in the country.