This European Country Could Lose $242M A Year If It Doesn’t Regulate Its Marijuana Market, Study Finds
The Czech Republic could be missing out on hundreds of millions of euros annually as the governing coalition remains persistent in avoiding establishing a regulated marijuana market. That’s according to the findings of a comprehensive study examining the possible costs and benefits of various cannabis reform models being proposed nationwide.
What Happened
The researchers from the Faculty of Business Economics at the University of Prague concluded that a “comprehensive model,” incorporating self-cultivation, cannabis clubs and a fully commercial market, could result in “total net social benefits of CZK 5.5 billion (218 million euros; $242 million) per year,” reported Business of Cannabis.
The study was published on Thursday, Sept. 12, by the University of Prague. It analyzed each of the cannabis reform models proposed by former National Drug Coordinator Jindřich Vobořil.
Vobořil left his position this summer, but he continued taking part in the development of addiction policies in the country as an independent expert. He previously completed two separate versions of the measure to legalize cannabis.
Vobořil’s legislation, …