Why and How the Liberalisation of the Cannabis Market in Germany Should Occur

Abstract

This article summarises the arguments in favour of legalising cannabis and makes proposals for the design of the regulatory framework. The main argument for a regulated cannabis market is not the expected tax revenues or the legal jobs that would be created, but the improved youth and health protection in a state-regulated cannabis market. While consumption of legal addictive substances such as tobacco and alcohol has been successfully curbed, cannabis consumption has been increasing for years despite prohibition. A well designed market order with appropriate market regulation and taxation is crucial for effective youth and health protection.