Economy

Spanish Medical Cannabis Industry Could Create 90,000 Jobs

The cannabis sector is in full market expansion. The capitalization of all listed cannabis companies now exceeds 80,000 million dollars.

Marijuana is known by most citizens. And your business does not stop growing. In Spain, there are 200,000 medicinal cannabis users and 4 million recreational users, as pointed out by Bernardo Soriano, CEO and co-founder of S & F Abogados at the financial breakfast of Investing.com. However, its use is not regulated in the country. Soriano explains that in Colorado, with less territory and population than in Spain, sales represent 4,045 million dollars in sales.

If these data are transferred to Spain, sales would amount to 53,000 million dollars and generated taxes would be 9,100 million dollars between 2014 and 2018. In addition, the regulation of cannabis would also have an impact on employment, since 90,000 jobs would be generated. Work throughout the supply chain. For this reason, it considers a regulation necessary as in other countries, although it clarifies that “there is still much to be done despite the fact that the US, Uruguay or Canada are progressively regulating the situation”.

However, in Spain, the situation is completely stopped and as Soriano adds with the changes of governments and the elections, nothing has been able to advance. Nonetheless, Unidas Podemos is the only political organization that is totally partisan of its regulation and Citizens is committed to the regulation of the use of medicine. “The PSOE is not about the work, you do not want to get into this. Everything is in neutral, so it is difficult to get it out, “says Soriano.

According to experts, the regulation of marijuana in Spain is not treated because it still seems a taboo subject. The only existing regulation is 1967 and it is for production and export. For now, only three companies have that regulation: “Re-regularizing something that in the 70s was thought to be very bad for health, still costs. It is to make transparent something that was banned, but it has demonstrated the therapeutic benefits it has, “says Soriano.

For his part, Juanma Fernández, commercial director of MJ Freeway Spain and CEO of SmokApp, explains that the prohibition always makes it more attractive. His company provides the necessary software to companies throughout the cannabis chain, and notes that “they shed light to do everything possible for society to have security.” For his part, Pablo Gil, director of Trading Method and market strategist at XTB, points out that what has to be done is promoting responsible consumption and that people understand their risks, not banning it.

HOW TO INVEST IN CANNABIS?

Despite its limited regulation in many countries, cannabis on the market does not stop growing. And in the words of Pablo Gil, he has more power and is “in full expansion”. A study conducted by XTB, the world cannabis market is valued at more than 340,000 million dollars. At the moment, more than 30 countries have legalized some type of medical cannabis.

Because of this industry growth, marijuana is becoming a business in which to invest. In fact, the capitalization of all listed cannabis companies now exceeds 80,000 million dollars and there are more than 200 cannabis shares listed on the international stock market. Before investing, as Pablo Gil explains, we must know what the cannabis market is like in the investment.

The XTB expert warns that it has a “huge” volatility of around 60% and that its revaluation in the last 12 months has been 0%. “Everything new involves its risks,” he says. But he also points out that the sector has revalued 414% in recent years and ensures that for investors with a “high risk” profile it is always a good option.

Pablo Gil explains that one of the options to invest in marijuana is the BITA Global Cannabis Giant Index is a good option since it aims to bring the global investor to the market for cannabis and medical marijuana. These companies operate mainly in Canada, so this index “allows positioning in this cross-sectional market”.

On the other hand, MJ Freeway created Akerna, the first cannabis company listed on the Nasdaq. “The first day of trading tripled the value,” says the company’s commercial director in Spain. Currently, the title has a cost of more than 14 dollars.

(Source: The Economy Newspaper)

37 Comments

  1. Bonyolo🦉🦉🦉🦉🦉🦉

    Who beat me given rubinda? Next time Mr you should binda,ukobinda nawe🙉🙉🙉

  2. Hev rena

    By now the economy would have b

  3. Hev rena

    By now the economy would have been very healthy if we had voted for Green party. The man had all the data. Z ns could easily do this.

  4. SEE MIND ( MWAMPO )

    WHY ZAMBIAN ECONOMY STILL POOR. AND THE MONEY IS AVAILABLE IN CANNABIS SECTOR? ZAMBIAN COME ON WAKE UP. HERE IN WE HAVE A GOOD CLIMATE. SINKAMBA GO AHEAD 2021 WE WILL VOTE FOR YOU SO THAT ECONOMY YOU WILL RECOVER QUCKLY THROUGH CANNABIS SECTOR !!!

  5. Liverpool

    But why here in Zambia ,we have ignored this ideal sure? We have better land and Good climate that can support this stuff.

  6. SEE MIND (MWAMPO)

    TO BOOST ECONOMY CANNABIS IS BETTER THAN COPPER GOVERNMENT PLEASE TRY IT TO INVESTMENT !!!

  7. My self

    2021 my vote is on green party

  8. Lombe kalando

    Owe tata he chance yamoneka kubakuba green part.sinkamba for better economic

  9. Medrick kombe

    People of zambia lets vote for green party because ,it is the only party that is having good manifesto and i think it has good vision to people of zambia.

  10. Kings

    That is why we say if you want to become president of the country you shoukd have the world’s economic data in order to improve your people’s lives, not just to be president to enrich yourself. We ignored mr sinkamba’s big brain, see now how the provocation factors (pf) have done to our economy, even to the extent of being controlled by people from hong kong. Zambians when are we going to learn to make correct decisions when it comes to who to lead us? for us to come up with the idea of voting for a person from chawama compound to be our nation to be our president what do you think we have done if not misusing our energies and time? kikikikikikikiki,,,, oooh you thought chawama is a city where one can lead a clean life to have the right thought for the whole nation to be blessed through him, i see. under hin the cost of living is getting harder and harder every day, why? because he had no data for the world’s economy. 2021 better try to think like people who have tasted the pill of intellectual draughty,

  11. Lackson zulu

    this is the chance for zambia to improve its economic sector.

  12. VENTURE MAN

    Green part go ahead pliz.

  13. Mapesho

    I will vote for the Green party on condition that I am made the vice president, if not I will vote for mulyokela.

  14. Nyengo

    Cannabis is better 4 a health economic less danger than urium reactants which are harmful. Cannabis GOLD Can b farm by zambia nation service our great hardworking by growing and processing it. Cannabis very easy 2 grow and free frm diseases

  15. Moses

    Don’t think you can manage it like Spanish people do. Just wait for the right time of Zambian mindset maturity in handling such kind of business.

  16. KK11

    90,000 jobs

  17. Mr Does

    Zambians are suffering .one meal per day. Green Party come to rescue Zambia in great great poverty.. God where are You ,Help Zambia.

  18. Tuli Bantu

    But because of poor mindset of Zambian people, they will use that cannabis for smoking, and you will see Zambian men and women going mad because of the same stuff, it is good for economy but bad for little thinking men and women they will go bazeck,

  19. Jms

    I know my country better than some nude stupid behaviours being spoken by non Zambians you have cannabis but where are your industries you will be smoking it directly shame let’s go to western province we have cashew nuts just fight for industries and more plantations to expand it,southern province sugar, eastern province tea and improve coffee plantations northwestern pineapple etc look at batteries northern minerals and many to mention but you want to shift to cannabis when you fail to maintain what you have you’re just showing how stupidity and low mind your thinking is In fact you always say use what you have but instead of you using what you have you want to destroy and create what you may not use to succeeded its shame I think we should have tribal competitions so that we see how some tribes may perform it has been shameful to see poor nations outside but rich inside

  20. Green party

    Green party indeed 2021

  21. Jms

    Nonsense

  22. iGroup int.

    MANAGE WELL WHAT YOU HAVE AND MORE WILL BE ADDED TO YOU
    Two People were slashing in the same field, one saw that the friend was cruzing and working smoothly, he thought that maybe his slasher was stiff and told the friend that they should exchange and they did but unfortunatly, history repeated itself. The other guy was still cruzing.
    lets just work with what we have now, marijuana,cannabis may grow the economy, the infrastructure but will leave main people down: crime, psychological degradation. human resource depreciation, moral and spiritual insignificance. youth who maybe ministers, presidents, c.e.o’s, by then the medula to reason and handle cognitive complexities would have been compromised, hence bad management as a resultant force.
    you will change presidents,businesses thinking they are sharp slashers all will be like chasing after the wind,all is vanity. are we Called By God’s Name?
    2chronicles 7:14
    THERE HAS TO BE A MORAL AND SPIRITUAL SIGNIFICANCE IN ALL THAT WE DO IN THIS COUNTRY. and GOD heal us

  23. Jms

    Progress

  24. wanja Wilson

    Cannabis production in poor countries like Zambia improves the economic status and depreciating it’s inflation.VIVA PETER SINKAMBA 2021

  25. LN

    If we want Zambians to go mad, bringing ifyamba and cultivate them freely. The majority us Zambians lack self control. Madness will increase and productivity greatly decrease. Let’s improve on production based on our rich natural resources we already have.

  26. Jah guide

    Zambia kuwayawayafye BA DEC be careful other wise ingatwakumana tachakawame

  27. One love

    Us Africa we think to be educated is to go high institutions ,the answer is no ,even a headman can do better than you people when are we going to be independent let’s fight for independence ,you have money you can’t even think of your mother in a village to buy her a solar light so that children they can identify lights plize ,you want a white man to do for you .let’s learn to invest in rural areas poverty high,good land economy is poor due poor governance ,this system of making people poor then government rich its wrong movement create more ways from our neutral resources to improve the economy.

  28. One love

    How much these farming companies making in our nation eg zambeef, we had agrifrola British airways used to land here but they were just selling vegetables to Europe .so let’s open up our eyes .

  29. Stanza

    Even if we make those millions through marijuana some self people will still continue fattening there pockets like always .we have tall gates were does Money go,znbc we all pay by force but at the end were does money go? Coz there coverage is still of 1964 .so many people who were willingly to help Zambia but now they have just pulled off .coz whatever help given to the poor is bn miss channeled as result there miss doing kills them they know themselves .

  30. Nicolas

    In Zambia, we are still protecting DEC jobs FULL STOP

  31. zambia

    Kikikikilik green party

  32. LN

    In Zambia projects introduced by the govt do not benefit the masses but those that manage them who turn them into personal ventures. Thousamds of vehicles pass through each Toll gate per day, making millions of kwacha, but where is the money for road construction. Generally Zambian roads are in a bad state. Legalizing the growing and processing ifyamba won’t improve our economy. Our leaders have terribly bad mentality of stealing. The many taxes that have been introduced so far are not improving our economy. Just forget about commercially and freely growing and processing marijuana. The only gain will be sadness of the people while politicians will gain the money.

    • Joe brain

      Am very seconding to what Tuli batu have said, it’s true will see zambian men and women going mad boz of smoking marijuana. Another thing is that Zambia is a Christian nation meaning the she serves the living God, so we should not compare it to those nations which are developed by evil means

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