Niagara Falls, ON

Join us in spectacluar Niagara Falls, ON for 3 days of cannabis cultivation, psychedelics and extraction.

September 12-14, 2022

Grow Up Awards Gala

Annual Grow Up Industry Awards. Come celebrate the innovation and sucess in the cannabis growing industry.

September 12, 2022, Niagara Falls

Will Germany’s anticipated move to legalize recreational cannabis inspire the rest of Europe?

Jul 14, 2022 | Media Partners, The GrowthOp

This post is presented by our media partner The Growth Op
View the original article here.

“There will be a domino effect, for sure.”

Article content

Germany is primed to become the largest country in Europe to legalize recreational cannabis. It’s a decision that carries some weight considering that the country has the largest economy on the continent.

Advertisement 2

Story continues below

Article content

The Guardian spoke with several experts, who provided their predictions of what could happen and its impact on the world should legalization advance in Germany.

“There will be a domino effect, for sure,” suggested Justin Haucap, director of the Dusseldorf Institute for Competition Economics. “European countries that have a much bigger problem with illegal cannabis use, like France, are watching very closely what Germany is doing at the moment,” Haucap is quoted as saying.


  1. 5 NATO Countries That Support Cannabis Legalization

  2. Klum has remained quiet about the country’s plans for legalization on social media, though it has been reported that she's an investor in the sector. /

    Heidi Klum pushing for cannabis legalization in Germany: report

  3. It is important to bear in mind that “illegal sales still represent the majority of consumer demand.” /

    Global cannabis sales expected to double to US$51B by 2025

Experts predict that Germany will make a lot of money once weed is green lit. With an estimated cannabis demand of 400 tonnes annually, this could mean Germany could earn about 4.7 billion euros every year through taxes alone, while also saving money and resources currently dedicated to prosecuting consumers for weed-related offences.

Advertisement 3

Story continues below

Article content

If Germany legalized cannabis and began to sell and trade the product like any other good, it would violate the United Nations’ 1961 single convention on narcotic drugs. While initially the country would likely have to work around that ruling, some predict the country’s legalization would prompt the U.N. to change it entirely.

“In theory, Germany could exit the U.N. single convention and rejoin only specific parts of it. But I am fairly optimistic that with changes happening in Canada, the U.S. and now Germany, we could also be looking at a reform of the convention in regards to the cannabis trade,” said Haucap.

According to some legislators, Germany wants to legalize cannabis to reign in black market weed, eliminate sources of contaminated products and protect minors.

Advertisement 4

Story continues below

Article content

Of course, it won’t be the first European country to legalize marijuana — that honour belongs to Malta — but it’s a decision that will shake up its neighbours and the world at large.

Surprisingly, while the Netherlands has a decades-long relaxed attitude toward cannabis use, the country still criminalizes its use, possession and trade.

The FreshToast.com, a U.S. lifestyle site that contributes lifestyle content and, with their partnership with 600,000 physicians via Skipta, medical marijuana information to The GrowthOp.

Subscribe to  Weekend Dispensary, a new weekly newsletter from The GrowthOp.

Advertisement 1

Story continues below

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

This post was originally published by our media partner here.

UPCOMING EVENTS

O’Cannabiz – June 1-3, 2022
International Convention Centre, Toronto ON

Grow Up – June 20-22, 2022
Victoria Convention Centre, Victoria ON

Grow Up – September 12-14, 2022
Niagara Falls Convention Centre, ON

News from Grow Up Media partners