From: Regulatory sandboxes as an innovative platform for testing Cannabis edibles in Germany
German Reallabore (Sandbox) | EU Sandbox |
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Hub for Innovation: Generally regarded as the primary center for promoting technical innovation and progress, especially in certain industries. | Discrete Legal Experimentation: focuses on the precise examination and improvement of certain legislative provisions, enabling focused regulatory experimentation. |
Improving Legal Framework: The goal is to improve the legal environment to better foster innovation and the exchange of knowledge across companies and sectors, while maintaining a controlled approach to risk management. | Extensive Legal Acknowledgement: highlights how crucial it is to widely acknowledge and apply legislative reforms based on experimental results, while encouraging more exploratory approaches to innovation and risk. |
Sector-Specific Focus: Focuses on key sectors, offering support for the standardization and alignment of industry practices and frameworks | Comprehensive and Diverse: encompasses a larger number of businesses and sectors and allows for a wider array of experimental strategies and regulatory modifications. |
Experimental Flexibility: Experimentation provisions are used to provide flexibility to the regulatory framework, enabling changes based on empirical testing. | Dynamic Adaptability: Extremely adaptable to novel challenges and advancements, and highly sensitive to the rapid evolution of developing technology. |
Policy and Legal Strengthening: Focuses on modifying and strengthening existing policies and legal processes to ensure they remain conducive to innovation. | Regulatory Evolution: promotes the testing, learning, and adaptation of regulatory frameworks to changing legal and technological contexts on an ongoing basis. |