The booming business of cannabis in Spain is gaining momentum, but there are still some unanswered questions. Can the industry legally operate in Spain? And what are the political implications? Here are some things to know before making any decisions. First, the government should consider the impact of marijuana use on the economy and society. Cannabis is illegal under Spanish law, but its commercial value is huge. Secondly, it should be regulated properly, as is the case in other countries.
In recent years, the legalization of marijuana has been accompanied by a marijuana culture thriving in Spain. The country has decriminalized personal use, but the sale and buying of marijuana remain illegal. That said, the legal loopholes in Spanish law have made the business much easier. In addition, marijuana clubs have grown to be very profitable. In Barcelona, for example, 70% of all cannabis clubs operate. This is why Spain is arguably one of the cannabis capitals of Europe.
In addition to legalization, there are other ways to consume cannabis. For example, you can find marijuana clubs in Barcelona, which are private associations. These associations are operated under the guise of private organizations, what do you think and are not allowed to advertise publicly. In contrast to the coffee shops in Amsterdam, Spanish cannabis clubs are private, not public. Membership is required, and foreigners must be referred by a current member.
The potential market size for medicinal cannabis in Spain is large. It will be worth over EUR3 billion by 2028, according to Prohibition Partners. Currently, over 25 physical stores sell CBD products. CBD is one of 400 active principles in cannabis and is known to have therapeutic benefits. It lacks the psychoactive effects of THC, but is highly effective in treating ailments. These products will eventually be marketed as medicine in Spain.
The current laws do not allow recreational cannabis in Spain, but it’s possible to grow it legally in Spain. In order to start a cannabis-growing business in Spain, newcomers and experienced operators should work with Higher Yields Cannabis Consulting. Cannabis is legal in Spain because it is legal in Spain, and the Spanish government has a long history of tolerance. Compared to its European neighbors, Spain has a more liberal attitude towards cannabis. The country’s Supreme Court has decriminalized small amounts of cannabis and even personal cultivation.
The Spanish government has ratified the 1971 UN Convention on Psychotropic Substances. Its general law on controlled substances was passed in 1967, which amended its existing drug laws and adapted the 1961 UN Convention. But since then, no amendments or updates high cbd low thc seeds have been made. This lack of clarity in the secondary legislation makes it difficult for cannabis companies to operate in the country. A few companies are already operating under the shadow of Spain’s laws, but it is still unclear how much it will cost.
While Spanish authorities are cracking down on the illegal use of cannabis, Chinese mafias are still a serious competitor in the European market. Spain’s UDEV has dismantled two large Chinese plantations in Girona and Barcelona. Because the Chinese have a hand in the production of marihuana in Spain, the business is booming. The Chinese are now responsible for much of the country’s production.
The AEMPS, the Spanish government’s agency for drugs and alcohol, publishes a list of companies that have been granted a license. However, there have been hundreds of applications rejected so far. It’s no secret that the AEMPS is extremely selective and scrutinizes the commercial plans of applicants. It’s a balancing act between security, reliability, and solvency. In this way, it has managed to maintain the legal cannabis industry in Spain. Nevertheless, the AEMPS still has a lot of questions to answer.
Although France and Italy are traditionally resin-centric countries, their demand for marihuana has resulted in the local development of the industry. The European Union has recently reported a sharp decline in the number of seizures of herbal cannabis and its by-products (marihuana). The emergence of social cannabis clubs in Catalonia and changes in the legal status of cannabis has also led to the blurring of the line between legal and illegal cultivation.
The industry has evolved quickly, but it still carries a negative stigma. Fortunately, science has provided a different storyline for the industry. Experts are using science to redefine the industry. Some of them no longer refer to cannabis as’marijuana’ because of the negative connotation it has acquired. Instead, they use the scientific name cannabis Sativa. As a result, they are gaining ground in the industry and finding new ways to participate in the industry.