If properly regulated and allowed to reach its full potential, Germany’s emerging cannabis industry can serve as an economic growth driver, and lawmakers elected in Germany’s upcoming election need to recognize that. That is the premise of a new position paper recently published by the German Cannabis Business Association (BvCW).
The position paper, titled (translated from German to English) ‘Cannabis as a growth driver: Industrial opportunities and policy directions,’ defines three core positions for Germany’s upcoming federal election to be held next month:
- Combating organized crime, increasing public safety – enabling commercial supply chains for consumer cannabis.
- Complete the liberalization of industrial hemp in order to leverage economic and ecological potential.
- Working together to create modern regulations for telemedicine.
“The cannabis industry in Germany has developed into a dynamic and promising industrial sector since the legalization of medical cannabis in 2017. For the medical cannabis sector alone, sales of around 450 million euros are forecast for last year – and the trend is continuing to rise.” BvCW stated in its newsletter this week.
