If you need an economic argument for legalising marijuana in Australia, here it is: millions of tax dollars.
The Parliamentary Budget Office (PBO) has released an estimate of how much the government could raise if a 10% goods and services tax (GST) was placed on legalised household consumption of marijuana hypothetically after federal law enforcement stopped going after marijuana related-crime
If all marijuana, cannabis and hemp consumption, cultivation and trade was legalised starting July 2017, the PBO said GST revenue would increase by around $650 million in the fiscal year 2015-16 budget forward estimates period, which runs through 2018-19. The expenses of the Australian Federal Police and Australian Border Force would also be reduced, among other agencies. Read more...
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