It seems that the legalization of cannabis is still not among Italian priorities. Certainly not for the opposition, the right-wing that has made prohibitionism a focus of its social media posts. However, now even Pd and M5S, who in the past were in favor of legalization, no longer consider the discussion on the subject a priority at the moment.
Senator Lello Ciampolillo, a member of the Mixed Group, denounced the rejection of the majority in his request for a timetable for the legalization of cannabis. A text which, among other things, aims to decriminalize the free sale of small quantities of cannabis, to make legal the self-production of a maximum of three plants of cannabis and to legalize cannabis social clubs.
“They practically voted no together with the right-wing parties,” he stressed. Immediately the rags flew: Michele Sodano, among the parliamentarians who in the past was in favor of legalization, attacked the former pentastellato Ciampolillo. “You can’t reach the group leader without any prior agreement and expect that any bill to be scheduled in the current month,” he replied, branding it as propaganda harmful to the very cause of legalization.
Find out how the legalization of cannabis would help the Italian economy and read the most important cannabis news with the Hemp.im mobile app.
The country’s economy could greatly benefit from the legalization of cannabis
Regardless of who is right, the only certainty is that once again there will be no talk of legalizing cannabis. That is a pity because if at a superficial reading it may seem that in times of pandemic there are other priorities to deal with, the reality is that never as today the end of prohibition could prove to be a help for the devastated Italian economy.
On the one hand, there is a state that now more than ever needs financial resources with which to support an economically collapsing population. There is the tap of the European Union, certainly, but equally certainly any other source of income with which to fill the coffers would be well accepted. Cannabis could be one of them.
A study by the University of Messina hypothesized a scenario of legal cannabis taxed in the same way as cigarettes. Assuming a cost of $11.8 (€10) per dose and multiplying by the annual consumption of the substance in Italy, the economic benefit for the state would be around $7.07 billion (€6 billion). To this should be added the reduction of the costs of repression, including police operations, prisons, and the fight against organized crime that would be significantly reduced by legalization. Estimates speak of saving around $707.6 million (€600 million) per year.
The legalization of cannabis would create a great number of jobs in Italy
Then, there is the employment side. While the OECD speaks of 1.5 million jobs at risk in Italy, the legalization of cannabis would give rise to a supply chain that from fields to stores, passing through distribution, could involve hundreds of thousands of people. In Colorado, an American state with 5.7 million inhabitants (less than a tenth of Italy), 41,000 jobs have been created in six years since cannabis was legalized. According to estimates, in the Belpaese it could reach 350,000.
Cannabis will not lift Italy from one of the worst crises in its history, it is true, but it could give a breath of fresh air to at least a part of the country. Talking about legalization at the moment is not out of place, because the battle is not only ideological but also and above all economic and social. The problem, however, is that in a conservative country like Italy is experienced only in the first sense, with the front of the no clinging to its positions belonging to the last century.
The 2020 pandemic may seem the tragic event that has once and for all put the discussion on the end of prohibitionism in the drawer. In reality, a state with a certain vision for the future should realize that this is precisely the time to act because never before could cannabis legalization unfold its positive effects on the population. There is no more time to waste to schedule a credible discussion on the issue.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in WIRED.IT, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
How to identify customer tastes? Wine innovation may hold the key.
Understanding your customers’ preferences is key to establishing a strong client relationship. Being able to predict what they will enjoy,...
A budget of 123.5 billion francs for construction work on Bugesera Airport
In December 2019, a new Rwandan partner in the ownership of the airport, Qatar Airways, was approached and the partnership...
N26 targets ING clients with new account model
Even though the free standard account is retained, the introduction of the "Smart" account gives the impression that N26 wants...
Naturgy and Eni to share Union Fenosa Gas and seek to solve the dispute with Egypt
Naturgy and Eni are about to finalize an agreement with Egypt to resolve the conflict of the Damietta regasification plant....
How investors could help the food industry become sustainable
Food production pollutes the environment and accelerates climate change. Solving these problems requires far-reaching changes - and in the view...
Business7 days ago
XRApplied delivering engaging online retail experiences in VR
Featured7 days ago
Tim Ventures aims at a 10% stake in the fintech company Satispay
Crowdfunding7 days ago
New exit for the real estate crowdfunding platform Concrete Investing
Business7 days ago
How to add a festive flair to your website for the holidays