Germany’s Cannabis Move That Could Bring $3.85B In Annual Tax Revenue

#Germany might be the next country in #Europe to #legalize #adult-use cannabis. This #October, #Luxembourg gave the #green light to legal #cannabis #cultivation for personal use, and now Germany is about to #decriminalize certain sale and #consumption rules through an important drug policy change being undertaken by the ruling coalition government..

The #political coalition, dubbed “traffic light” and composed of the #Social #Democratic Party of Germany (SPD), the Free Democratic Party (FDP) and the Greens, is pushing to legalize cannabis #sales. “We are introducing the controlled distribution of cannabis to adults for recreational purposes in #licensed shops,” a representative of the working group with an assignment to assess the policy change said, according to Der Spiegel, also citing a report by Funke.

Furthermore, the report reveals the policy, led by Olaf Scholz, the German #chancellor-in-waiting, will be reexamined after four years to evaluate its social effects.

Germany decriminalized medical cannabis some four years ago, and now analyses from the Institute for #Competition #Economics (DICE) at the #Dusseldorf #Heinrich #Heine University suggest that a fully legal cannabis market could bring Germany around €3.4 #billion ($3.85 billion) in #tax #revenue.

Distributed by: Cannabis Broadcast Station/ Infinity Broadcast Network
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William Bradley

William Bradley

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