Germany May Only Be Days Away From Announcing Europe's Largest Recreational Cannabis Market

The forming German coalition government could be days away from announcing its new cannabis policy, which could very soon liberate the entire market and legalize recreational use.

According to multiple sources, the parties are nearing a deal to legalize adult cannabis in Germany.

The parties in question, the Greens, the FDP, the Left Party and the Social Democrats (SPD) have all announced their support for cannabis policy reform in the past, claiming that “current prohibition-based drug strategies are a failure”.

The latest negotiations are about how the government will regulate the market, such as what rules will apply to the sale, purchase and use of cannabis after the new policy is implemented.

Sources said the outcome of the negotiations could still change, but the parties focus on forming a new government under Olaf Scholz of SDP in early December.

As the paper states, if Germany legalized recreational use, the entire European market would be buzzing.

Germany has long been the largest and most important market for cannabis companies. The possible opening to recreational use (very early in European standards) could mean huge profits and lead to more countries on the continent joining them.

Cannabis use is on the rise – the European Monitoring Center for Drugs and Drug Addiction (EMCDDA) reports that cannabis use in Germany has reached an all-time high. Nearly one in three adults is believed to have tried cannabis at least once in their lifetime, while nearly one in five young adults use it at least once a year.

In addition, more than four million people in the country have been reported to use cannabis on a regular basis.

If the coalition partners agree on the new regulations, we can be pretty sure that Germany will thrive on cannabis for decades to come.

The only question left is which European country will be next in line? Italy, where a referendum on the issue could possibly be held, is a strong candidate. Also Luxembourg is very busy.

Looks like if you don't move now, you'll miss it. Officials in Germany and Italy know that.

What about those who lead other countries like the UK or even the Netherlands?

Sources ao Bloomberg (EN), Canex (EN), Euronews (EN), leafy (EN)