Germany Makes Historic Move to Legalize Medical Cannabis

Big news for the cannabis industry. German parliament passed a law of Thursday that legalizes cannabis for medical purposes. As it stands only about 1,000 people in the entire country can legally consume medical cannabis. This law will expand that to potentially millions of new patients. The law is set to go into effect in March. This is great news for Canopy Growth Corp. (TSX: CGC). The largest medical marijuana company in Canada bought a German cannabis dispensary called MedCann for $8 million last year.