Cannabis legalization could kick-start Germany’s economy

As the coronavirus pandemic keeps pushing the world’s economy to its limit, governments around the globe are starting to look into new options, like cannabis, in order to stabilize it. The cannabis sector could become a key player in the recovery of the German economy in the near future, creating thousand of jobs, if the government decides to push forward its legalization.

It has recently been reported that more and more people in Germany are going into short-time work or are unemployed because of the coronavirus pandemic. The situation is similar in the USA, even though the public aid programs are differently structured there.

The assumption that the economy will quickly recover is probably wrong because the world is still in the middle of a crisis that will not end overnight. Consequently, for the economy to recover it urgently needs new, innovative ideas for jobs and taxes. To this end, cannabis legalization could act as a real kick-starter.

So why not use cannabis potential and finally make full use of the economic opportunities that free societies actually have to offer? Is such an approach realistic?

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A new drug policy could ease the effects of the economic crisis

In Germany, the government refuses to tell the full truth, but in the USA, experts probably see up to 30 million jobs in immediate and long-term danger due to the coronavirus crisis.

Furthermore, many industries are under extreme pressure, especially the hospitality and tourism sectors, and this cannot be offset by new roads or bridges at the taxpayer’s expense.

At the same time, it is obvious how in North America numerous people bet on the cannabis industry, but in Germany, cannabis sellers have to do a lot in order to survive, like growing cannabis secretly.

A new and fair, future-oriented, and prudent drug policy should, therefore, propose the legalization of cannabis, as soon as possible. Without any special effort and investment on the part of the state, a new economic sector can be built from the ground up.

Taking Canada as an example of an already successful cannabis industry, Germany could benefit itself with hundreds of thousands of jobs. Many people who are now losing their jobs could work in this highly promising industry.

Cannabis jobs in the rising even before the crisis

Cannabis sellers in the USA sell more cannabis than ever before since the beginning of the crisis. Some states have even granted cannabis businesses the essential status of basic supply. Nationwide cannabis legalization would immediately develop even further this enormous economic power.

Before that, there was already a job boom as the cannabis industry offers countless opportunities for skilled and unskilled workers, which would fit perfectly into a concept for the economy after the crisis.

Estimates for New York, where the Covid-19 pandemic rages violently, showed that up to 170.000 jobs in the cannabis sector could be created. Also, cannabis-related jobs are well paid and not dependent on a particularly high degree of education. Many people who can no longer find work in a restaurant or on a cruise ship could immediately start working with cannabis. Consequently, the number of officials in the USA who promote legalization nationwide is already increasing.

Germany’s economy could skyrocket thanks to cannabis

Of course, German drug policy should immediately take a new, fair direction oriented towards the citizen and his interests – figures like the current Federal Drug Commissioner Ludwig must leave immediately.

There is also no need for delaying model projects, instead, the government should push immediate legalization of cannabis. That also includes testing and licensing procedures for sellers, as it is already possible for cannabis shops selling CBD-based products.

Poorer regions that have been left behind for a long time, such as in the Ruhr area and eastern Germany, would benefit immediately from these actions. Not only would cannabis farms with thousands of jobs be created locally, which would not require workers from Romania, but also high-quality research facilities and an economy with a future.

Especially now when many breweries close down, hemp should be available as a healthier and easy to grow product – a great chance for Germany, Europe, and the USA, because it is a crop that does not need subsidies worth billions.

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(Featured image by FelixMittermeier via Pixabay)

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