On 13 October 2020, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a further disciplinary fine amounting to 1,000,000 euros on Deutsche Cannabis AG.
The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). Deutsche Cannabis AG failed to submit its consolidated accounting documents for the financial year 2016 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form. The legal basis for the sanction is section 335 of the HGB.
The company may lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.