Pot of gold? Cannabis could bring Germany $5 billion a year - survey
Legalising cannabis in Germany would give a boost to a ballooning European market
Tuesday, November 16, 2021
Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey said as politicians thrash out rules for the budding sector. Negotiators for the SPD, Greens and FDP are still working out details of their coalition deal, including rules under which the sale and use of recreational cannabis would be allowed and regulated in Europe's largest economy. The survey by the Institute for Competition Economics (DICE) in Duesseldorf, and commissioned by the German hemp association, found that legalising cannabis could lead to additional tax revenues of about 3.4 billion euros per year. At the same time, it could bring cost savings in the police and judicial system of 1.3 billion euros per year.
