'Germany Is One Step Closer To Legalizing Cannabis' - Semafor
Portfolio Pulse from Happy Mohamed
The German government has approved a bill to legalize recreational cannabis use. If enacted, Germany would be among the most liberal places in Europe for marijuana use. The legislation would permit people over 18 to possess up to one ounce of the drug per day for recreational purposes and allow the growth of up to three plants per person. A 2021 study found that legalizing marijuana in Germany could create 27,000 jobs and bring an additional $5 billion per year in criminal prosecution savings, tax revenues, and social security contributions.
August 17, 2023 | 3:13 pm
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POSITIVE IMPACT
The legalization of recreational cannabis in Germany could potentially boost the economy, which may have a positive impact on the iShares MSCI Germany ETF (EWG).
The legalization of recreational cannabis in Germany could lead to job creation and additional revenue, which could stimulate the economy. As the iShares MSCI Germany ETF (EWG) tracks the performance of the German stock market, a stronger economy could potentially lead to higher stock prices, positively impacting the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75