You are here
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'
Warning message
The subscription service is currently unavailable. Please try again later.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...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin