New research has found that legalizing the sale and use of recreational cannabis could bring a €5 billion ($5.67 billion) boost to the German economy via annual tax revenues and cost savings within the police.
Should Germany proceed with legalization, the research estimates that it could bring in tax revenues of €3.4 billion ($3.86 billion) per year and save some €1.3 billion ($1.48 billion) in costs within the police and judicial system, alongside creating 27,000 new jobs.
The report, carried out by the Institute for Competition Economics (DICE) at the Heinrich Heine University in Düsseldorf and commissioned by the German Cannabis Association, comes amid ongoing discussions for the formation of a coalition federal government.
One of the areas under consideration in the three-way talks between the Social Democrats (SPD), the Greens, and the Free Democrats (FDP) is the potential regulation of the sale and use of recreational cannabis.
Using cannabis for medicinal purposes has been legal in Germany since 2017. However, its possession or distribution for recreational use remains illegal and can result in fines as well as time behind bars.
Earlier this year, research on the legalization of cannabis across Europe by market intel firm Prohibition Partners said that if Germany legalized its use by adults, the move would see that country alone constituting “over half of the European market until 2024.” It would also help propel the European cannabis market from its 2021 valuation of €400 million ($454 million) to some €3 billion ($3.4 billion) by 2025.
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The annual migration of red crabs has brought traffic to a standstill on an Australian island. Apart from the epic journey, the species is also notorious for eating its own young.
Tens of millions of crustaceans are swarming Canberra-governed Christmas Island, which is almost a thousand miles northwest of the Australian mainland. Parks Australia, a government body in charge of wildlife conservation on the island, has deployed its staff to manage traffic, rake crabs off roads and provide advisories to local residents regarding road closures. Authorities are well-prepared to deal with the epic crab march as it repeats every year, usually in October and November. There are even special bridges and tunnels in place, built over and under busy roads so as to minimize the number of crabs crushed by cars. The sight of millions of these creatures making their perilous trek has become one of Christmas Island’s main tourist attractions.
The exact timing of the red crabs’ journey from forest to ocean is defined by rainfall and lunar phases. The march is led by male crabs, which are later joined by females. On reaching the ocean, they mate and spawn, with each female capable of producing as many as 100,000 eggs. However, most of the young crabs never make it back to the forest as they end up being eaten by fish and whale sharks for whom this is a veritable feast. To make matters worse, the crab larvae that do make it to the beach are often devoured by returning adult crabs of the very same species, hence one of their names – the cannibal crab.
