Making cannabis legal without spoiling public health could help ease deficit
A government study found that levying tax on cannabis and legalising it may help the Government greatly to reduce its excessive deficit. They could raise an amount of £1.25bn to reduce the deficit without spoiling the health of the residents.
Easy steps for cost cutting could be taken by making cannabis legal as the funds spent on cops for the job, prosecuting the lawbreakers and then treating drug consumers would save up to £300m a annually.
The findings were brought forward by a research team at the Institute for Social and Economic Research.
After legalizing and taxing cannabis, collections could raise funds anywhere between £400 million and £900 million.
Professors from the University of Essex filed the findings of the study who said that the public debate on cannabis policy has always had limitations and also did not have any solid proof to continue to make cannabis illegal.
The report also suggested that the most important reason for illegalising cannabis by the government was the damage caused from the drug use since it contained chemicals therefore making it legal. The government thus thought that regulating its sale could keep it under a check.
New Zealand News
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