Legalising cannabis adds $3.6bn to Australian economy, budget office says

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Parliamentary Budget Office rates fiscal benefits of Greens’ push to legalise, licence and tax marijuana Sign up to receive the top stories every morning Legalising cannabis would reap the Australian economy almost $2bn a year, the Parliamentary Budget Office has found. The Greens plan to not only decriminalise cannabis but also legalise it for adult use is the latest case study of political differences, with both Labor and the Coalition looking into legalising it for medicinal use, but going no further. But claiming that the “war on drugs had failed”, the Greens leader, Richard Di Natale, last week proposed the full legalisation of cannabis, which would allow adults to grow up to six marijuana plants for personal use. Sign up to receive the top stories every morning Under the policy, cannabis would be taxed and regulated by the government, in the same way alcohol and tobacco are. And that could create a potential pot of gold for the government. The PBO estimates the Greens plan would raise $3.6bn over four years from July 2019, based on a 25% excise, as well as GST. Legalising cannabis adds $3.6bn to Australian economy, budget office says

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