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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.”

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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.

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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.

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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.

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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.

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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.

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