Italy will be first to light up Europe’s weed biz

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Italy may soon jump on the weed bandwagon. A nationwide referendum to legalise cannabis will likely take place early next year. If Italian voters embrace dope, it will spark a domino effect across Europe.

Backers of the pro-weed referendum have already gathered more than 500,000 signatures, the minimum required to hold a nationwide plebiscite. That paves the way for a decriminalisation vote, mirroring what happened in 18 U.S. states. With 57% of Italian voters expected to back the proposal, according to pollster Sondaggi Bidimedia, Italy has a concrete chance to turn its current restrictive system into Europe’s most liberal one.

There are other advantages. Under Italian law, recreational weed use in small quantities and consumption for medical purposes is allowed. But selling and producing the herb is a criminal offence. The state holds a de facto production monopoly for legal usage but cannot meet rising demand. Medical consumption alone jumped 30% year-on-year to 1.1 tonnes in 2020, state data show. Allowing new players to produce cannabis for multiple uses would add 35,000 new jobs, say supporters.

 

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