Italy Looks to Legalize Marijuana
Ryan Allway
July 15th, 2015
Policy, Top News
Italian lawmakers agreed to provisional text to legalize the consumption, growing, production, and sale of cannabis under certain conditions this week.
The Intergrupo Parlamentare Cannabis Legale, a cross-party committee of lawmakers, was signed by 218 members of parliament, including many unexpected politicians. Members of the Five Star Movement, the Greens, and a number of lawmakers from Prime Minister Matteo Renzi’s Democratic Party were among the signatories on the preliminary framework.
Italy’s Parliament will now take a look at the measure that would permit citizens to grow cannabis at home or as members of cannabis clubs where a maximum of 50 people could cultivate and share the product – but wouldn’t be permitted to sell it to the public. Furthermore, the government would be responsible for regulating the sale of licenses to produce and distribute the drug, enabling it to rake in substancial tax revenue.
The group’s manifesto reads:
“We think that in Europe and in Italy it makes sense to work to follow the example of countries that first switched to a system of full legal regulation of the production, sales and consumption of cannabis, adapting its features to our social and legal context.”
According to the latest poll, the majority of Italian support the legalization of cannabis, with about 60% support. The move would also follow a number of other European countries that have decriminalized the drug, including Spain and Portugal. Outside of Europe, the U.S. has legalized the drug in certain states, while Uruguay has completely legalized the production and sale of the drug – becoming the first country to do so.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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