The forming German coalition government could be days away from announcing its new cannabis policy, which could liberate the whole market and legalise recreational use, very soon.
According to Bloomberg, the parties are closing in on a deal to legalise adult-use cannabis in Germany.
The parties in question, the Greens, the FDP, the Left Party, and the Social Democrats (SPD) have all announced support for cannabis policy reform in the past, claiming that “present drug strategies based on prohibition are a failure.”
The final negotiations are about the way the government will regulate the market – as in, what rules will apply to the sale, purchase, and use of cannabis after the new policy is implemented.
Sources told Bloomberg that the outcome [of the negotiations] could still change but the parties target early December to form a new government under SDP’s Olaf Scholz.
As the paper states, if Germany were to legalise recreational use, the whole European market would be buzzing.
Germany has long been the biggest and most important market for cannabis businesses. Its potential opening to recreational use (very early in European standards) could mean massive profits and lead to more countries on the continent joining them.
Cannabis use has been on the rise – the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) reports that cannabis use in Germany is at an all-time high. It is believed that almost one in three adults has tried cannabis at least once in their lifetime while almost one in five young adults uses it at least once a year.
In addition, it has been reported that more than four million people use cannabis regularly in the country.
If the coalition partners agreed on the new regulations, we could be pretty sure that Germany will be thriving with cannabis in the next few decades.
The only question remaining is which European country will be the next in line? Italy, where there could potentially be a referendum on the matter, is a strong candidate.
It sure seems like if you don’t move now, you’ll miss out. Officials in Germany and Italy know that.
What about those leading the UK?