Germany’s impending legalization of recreational marijuana offers attractive new opportunities for travel, trade and investment, according to a recent survey of American cannabis consumers. The survey from medical marijuana holding company Bloomwell Group found that eight out of 10 Americans believe that “cannabis companies are attractive investment options,” while 61% said that they “would invest in European cannabis stocks.”
Germany’s new “traffic light” coalition government of the Social Democratic Party of Germany, the Free Democratic Party and the Greens announced late last year that it would legalize “the controlled sale of cannabis to adults for recreational purposes in licensed shops.” The country has already legalized the medicinal use of cannabis by seriously ill people, while personal possession of small amounts of marijuana has been decriminalized.
Although a timeline for legalizing recreational marijuana in Germany has not yet been set, the promise of a legal adult-use cannabis promises to be a boon for the European cannabis industry. And according to Bloomwell’s survey, the continued cannabis reform in Germany is likely to present business and leisure opportunities for American’s, as well.
To conduct the online survey, Frankfurt-based Bloomwell asked 845 cannabis users in the United States their thoughts on Germany’s upcoming legalization of marijuana. The overwhelming majority of respondents (87%) said that cannabis should be legalized worldwide. More than half (52%) said that they were “aware that Germany will most likely become the largest legal cannabis market within the next three years.” [Read more at Forbes]
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