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Will Germany's cannabis actions create a domino effect in Europe?

The roadmap for adult-use cannabis legalization in Germany has become a hot topic for stakeholders in the overall industry. On top of how exactly the situation will play out and what business opportunities exist, market watchers have offered various opinions on what the lasting impact of this change could be.

Shane MacGuill, global lead of nicotine and cannabis with Euromonitor International, told INN that the road ahead for German legalization wouldn't be easy, but if it gets done, he expects to see changes throughout Europe.

"I think there are many obstacles before Germany legalizes," he said. "I don't want to make it sound like it's a done deal, but if and when that happens, you're going to see that countries will have no choice but to probably try and regulate themselves."

The analyst pointed to Portugal as another European nation that could pressure nearby countries to adapt. The country currently has a medical cannabis program in place and is discussing a new policy to regulate personal use. MacGuill said legalization in Portugal would pressure Spain to move forward with its own plans.

To read the complete article, go to www.investingnews.com


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