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Legalising cannabis could earn Australia $28 billion

By legalising and taxing cannabis, the Australian government could generate over $30 billion in a decade, as per the recent policy costings from the Parliamentary Budget Office (PBO).

visit thenewdaily.com.au/finance/finance-news/2023…

The New Daily

This week, the Greens published PBO figures indicating that a legal cannabis industry could produce $28 billion in public revenue over a decade if taxed at 15%, or $36 billion at 25%.

 

Under a proposal suggested by the Greens, a new federal agency would control cannabis prices and serve as an intermediary between growers and a closely regulated retail sector.

 

Australia, like many other countries, has a changing relationship with cannabis, which was first prohibited by Canberra in 1926.

visit thenewdaily.com.au/finance/finance-news/2023…
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