Germany agrees to legalize recreational marijuana, the rest of Europe will hurry to catch up

If you are just waking up to the cannabis news of the day, it is that Germany as a country has reached an agreement on the total recreational use of marijuana, which means that all of Europe will soon follow suit in domino fashion. If you don’t know the role of Germany in Europe due to its economic power and the strength of the German currency, this would be the economic Lebron James or Jordan of Europe. As the saying goes: “When Germany sneezes, the rest of Europe catches a cold.” You run the financial fair, you have the largest GDP, the largest say in the euro banking system and decide who gets what in the EU bailout and bail-in models. Remember, they said “yes” to bailing out Greece but “no” to bailing out the Cypriot banks and all of the Russian money in those banks.

Bloomberg hinted the recreational marijuana deal was in the works about 10 days ago:

Germany’s likely next ruling coalition is nearing a deal to legalize recreational cannabis, the strongest signal yet that the long-awaited growth of the European marijuana market is picking up pace.

Social Democrats, Greens and business-friendly Free Democrats negotiators are working on the details, including the terms and conditions under which the sale and use of recreational cannabis should be allowed and regulated, according to those familiar with the talks who asked, not named because the discussions are private.

As in all legalization cases, the police union in Germany is against legalization, while Germany follows its neighbor Luxembourg, which recently launched legal cannabis reform. The island state of Guernsey could follow shortly.

As Politico reports:

The center-left Social Democrats (SPD), the Greens and the liberal Free Democrats (FDP) plan, according to the health group’s results cited in the media, “to introduce the regulated sale of cannabis to adults for consumption in licensed shops”. . This ensures quality control, prevents the spread of contaminated products and guarantees the protection of minors, it said. However, it is not yet clear whether the cultivation of cannabis will also be legalized within Germany.

How much is at stake for Germany with newly acquired tax revenue? It is estimated that Germany could generate 4.7 billion euros in addiction for the country. While Germany claims it doesn’t worry about cannabis tax revenue, this is a nice bonus for legalization.

Due to Germany’s role in the EU, it is assumed that Europe will now see a domino effect of legalization as required tax revenue in the short term, perhaps not in Germany by saying, but all southern European countries that are not an economic power like Germany will desperately have to do new ones Create tax revenue. Greece has made strides towards becoming a net exporter of cannabis, trying to catch the new green wave for jobs and tax revenues.

We will see in the next 6 to 8 weeks how this news gets known today, whether other European countries are pushing for the legalization of recreational activities and whether this is in any way forcing the US to increase its slow pace of legalization. Republicans’ cannabis legalization law could gain momentum if Europe embraces recreational cannabis and turns its eyes to being a net exporter of marijuana around the world. Places like Kentucky, which is where anti-pot Senator Mitch McConnell is from, would love to go as far as growing cannabis and becoming a net exporter not only to other states but other countries as well. As mentioned in this Cannabis.net article, Kentucky could become a “target crop” for consumers around the world.

If you think Italy, Romania, Bulgaria and Ukraine are just sitting around doing nothing, I have farmland in Bucharest to sell to you …

Stay tuned, the rest of Europe has been notified by Germany.

GERMANY MOVES THE MARIJUANA INDUSTRY, READ THIS …

HOW IS THE GERMAN MEDICAL MARIJUANA PROGRAM GROWING SO FAST?

OR..

GERMANY IS WATCHING OUT CANNABIS START-UPS AND NEW COMPANIES!