Legal cannabis could earn $1b tax revenue and create 250,000 jobs

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Investment strategist Mark Bernberg said Australia was losing billions of dollars of potential tax revenue from legal marijuana. 9News

Cannabis tourism has grown 51 per cent since 2014 in Colorado alone, according to a report from the state’s department of revenue.

“Now hotels popping up that promote consumption and in the mini bar next to bottles of booze, guests are offered THC gummy bears in childproof packets.”The Australian Medical Association said cannabis can be harmful and it supports evidence-based trials for the use of medical cannabis and believes use “should be seen primarily as a health issue and not as a matter for law enforcement”.

The extensive 395-page report unearthed more than 100 conclusions about the health effects of recreational and therapeutic cannabis use. The nature of the relationship between and psychiatric disorders has been hotly debated for decades, with the report confirming it does have risks. And while it did admit smoking cannabis on a regular basis is associated with chronic cough and phlegm production, it explained consuming drug orally will likely reduce these symptoms.“In adults with chemotherapy-induced nausea and vomiting, oral cannabinoids are effective antiemetics,” the report read.

Smoking weed was also proved to help athletic performance as it deepens concentration, increases tissue oxygenation, and decreases muscle spasms before, during and after exercise.The Greens are the only politcal party in favour of legalising weed for recreational use.

 

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Imagine what cocaine will make in a year in tax🤷🏿‍♂️

Alcohol and tobacco kill more people than pot ever would wake up and smell the weed

The Fitzgerald Enquiry advised this decades ago.

Finally some common sense

Win Win for everyone $$$

If you can Tax it.. ......Billy boy will be keen to legalise it.........

As long as it's a growers market and price isn't set by the government.

Would that be because the real dope heads are in Parliament House?

It would be safer for the public to legalise it in some form. Removing the revenue from criminal gangs means it that revenue could be used to benefit the community. The savings in police and the courts would add to that amount with the police free to investigate real crimes.

Would that be because the dope is in Parliament House?

Agree. Legalise it and tax it. Save police resources on piss ant small amounts of pot and put the resources in policing hard drugs. WinWin Auspol

Tax tax tax tax tax tax

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