The Economic Implications Behind The Cannabis Legalization Debate

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The Economic Implications Behind The Cannabis Legalization Debate
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After decades of prohibition, some countries are now starting to consider legalizing cannabis as a way to tackle the increase in consumption and take benefits from it. The focus is now set in Europe, where the regulation of cannabis for medical use is being discussed....

After decades of prohibition, some countries are starting to consider legalizing cannabis as a way to tackle the increase in consumption and take benefits from it. The fact is that cannabis is the most used illegal drug in the world, so looking the other way or introducing ambiguous or restrictive regulations is not going to solve the problem.

"What we are discussing is not whether it [cannabis] should be regulated or not, but who is going to be the next country to do it. I believe that Spain has to be the first [in Europe]," said the leader of Podemos, Pablo Iglesias, during his speech in the Spanish Congress after the Canadian Prime Minister, Justin Trudeau, announced that Canada would carry out a full legalization of cannabis.

The study also points out that a total of 101,569 workplaces would be regularised in order to produce the 820,597 kilograms needed to meet current demands. In addition, although the cannabis legalization would not abolish the black market, “it would substantially weaken criminal networks given that their market share would lower to 15% of total demand,” indicates the analyze., the limit is personal use, excluding any type of profitability goals.

. The cannabis and cannabis products obtained from these crops can be exported for medicinal purposes to authorized entities. So, the question arises, is it contradictory to penalize citizens for cultivating marijuana and allow companies to make a profit of it?, Belgium was the last one.

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