The European continent is at the forefront of adult-use cannabis legalization reform. Towards the end of last year, lawmakers in Malta passed an adult-use measure making the country the first in Europe to do so. With 2022 in full swing multiple other countries in Europe may follow.
Members of the governing coalition in Germany previously announced intentions to legalize cannabis for adult use as well as launch a regulated adult-use industry. The German lawmakers did not announce a specific timeline for doing so, however, the start of the policy shift is expected to happen sooner rather than later.
Cannabis activists in Italy have likely gathered enough signatures to put a cannabis legalization referendum before voters. The effort only needs to clear one more procedural hurdle, which is expected to happen later this month. Legalization is expected to occur this year in Luxembourg according to lawmakers.
Both Switzerland and the Netherlands are pursuing adult-use ‘pilot programs’ in which cannabis will be legal in certain jurisdictions for research purposes to help craft eventual national legalization policies. Switzerland already allows the sale of cannabis products with less than 1% THC content. In every measurable way, cannabis legalization is on the move in Europe.
It is truly an exciting time to be a cannabis enthusiast in Europe and looking towards the future, the situation should only continue to improve as more countries pursue and enact sensible reform measures. Every European country that legalizes, starting with Malta, builds momentum for reform in other countries on the continent. Lawmakers have to decide if they want to get on the right side of history and see their countries reap the benefits of cannabis reform, or continue to cling to failed public policy and let once-in-a-generation opportunities pass them by.
Now that the first domino has fallen, people can expect an uptick in policy changes in the coming years in Europe. Knowing what to anticipate and getting the timing right is extremely important for investors, operators, and consumers as there will be tremendous opportunities created by the inevitable policy changes.
The perfect time and place to learn more about what to anticipate in Europe is at the upcoming International Cannabis Business Conference B2B event in Barcelona on March 10th. The event is part of the world’s largest superconference, with the International Cannabis Business Conference once again teaming up with Spannabis. Jamie L Pearson, Bhang Inc.’s (CSE:BHNG OTCQB: BHNGF) President and CEO will provide the keynote at the B2B event.
Pearson is a proven leader in the cannabis space and brings nearly a decade of experience from operating an internationally-recognized brand in the ever-evolving North American cannabis markets. She will offer her top 10 observations regarding social justice, banking, taxation, wellness, and leadership in her keynote address.
The rich cannabis history and culture in Barcelona, Spain make it the perfect backdrop for the next International Cannabis Business Conference being held in March. The conference is co-sponsored by Bhang Inc and Grow Glide. At the conclusion of the superconference the International Cannabis Business Conference will host one of its world-famous after-parties. This year’s after-party will be sponsored by Cansativa.
The most entertaining man in cannabis, Ngaio Bealum, will serve as the International Cannabis Business Conference’s Master of Ceremonies in Barcelona. Additional speakers include: