Far-Right Victory In Germany: Cannabis Policy, TikTok Voters And Impact Of AfD's Rise To Power

Original Article:

Source: Link

Loading... Loading... Germany's recent elections resulted in the far-right party Alternative for Germany (AfD) making significant gains, securing 16% of the vote and 17 out of 96 seats in the European Parliament. This shift raises questions about the future of cannabis regulation under AfD's influence. The German cannabis market, poised to become one of the largest in Europe, is expected to generate around €3.4 billion ($3.85 billion) in annual tax revenue and create approximately 27,000 new jobs, highlighting its significant economic potential. Economic Concerns And Protectionism The AfD's popularity is largely attributed to its stance on economic issues. The party has capitalized on the economic downturn and the crisis in the German industrial sector, advocating for a return to protectionist policies and the revival of cheaper energy sources, including nuclear power. This economic protectionism resonates with voters who are disillusioned with the current government's policies, especially in the context of the ongoing energy crisis and the end of Russian gas supplies​. The demographic breakdown of the vote reveals strong support for the AfD in the former East Germany, where economic and social dissatisfaction is particularly pronounced. The AfD gained notable traction among younger voters, including those aged 16 to 24, who were voting for the first time and who showed increased support for the party due to its strong presence on social media platforms like TikTok​ Politically, the AfD's rise reflects growing disenchantment with the mainstream parties and a shift towards more nationalistic and protectionist policies. The triumph of the AfD in Germany's elections signals a significant shift in the country's political landscape, with potential ramifications for both domestic and foreign policies. Evolving Market Dynamics The German cannabis market is rapidly evolving, with significant investment opportunities and diverse revenue streams emerging. The patient base, currently at 200,000, has the potential to grow to 3.5 million, reflecting a more than 20-fold increase. Cannabis clubs, modeled as proto-dispensaries, are exploring diverse income sources, including membership fees, donations, and service charges, to navigate the complex regulatory landscape. The retail segment, which could benefit from the expected €7 per gram cost of legal cannabis, presents a significant opportunity for market expansion. The AfD And Cannabis The AfD has consistently opposed the legalization of cannabis. In discussions leading up to the April 2024 legalization of recreational cannabis in Germany, AfD representatives voiced strong opposition. They argued that legalizing cannabis would not solve the problems associated with drug use and could potentially increase usage among young people​. Related news: German Company Launches Largest Digital Platform For Medical Cannabis In All Europe During debates in the Bundestag, the AfD strtessed concerns about public health and safety, suggesting that cannabis use can lead to more serious drug abuse. They also highlighted potential negative social impacts, such as dependency and the strain on healthcare systems. AfD politicians have also criticized the government's approach to regulating cannabis, arguing that it would fail to curb the illicit market effectively. They believe that legalizing cannabis would send the wrong message about cannabis consumption, especially to younger demographics. Learn more about leading cannabis companies and stocks, at the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money, and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off! Photo: AI-Generated Image.