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Home 🌿 Recreational Marijuana News 🌿 Legalising cannabis in the UK 'would raise hundreds of millions in taxes' 🌿Legalising cannabis in the UK 'would raise hundreds of millions in taxes'
Exclusive: Private analysis for the Treasury concludes that regulation could also produce huge savings for the justice system
Legalising cannabis would raise taxes worth hundreds of millions of pounds and produce large savings for the criminal justice system, a private analysis for the Treasury has concluded.
It judged that regulating cannabis, which was used by more than two million people in the UK last year, could generate “notable tax revenue” and “lead to overall savings to public services”.
The Treasury study, seen by The Independent, was commissioned by the former Deputy Prime Minister Nick Clegg ahead of the general election to help formulate Liberal Democrat drugs policy if the party remained in office.
Following David Cameron’s general election victory, the Government has set its face against reform of Britain’s 40-year-old drugs laws and rebuffed calls for a new approach to cannabis use.
But his officials’ research underlined the appeal to the...
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