Australia missing out on more than $5 billion by not legalising cannabis use, report finds
news.com.au OCTOBER 26, 2018 9:33PM
SHOULD the recreational use of cannabis be legalised in Australia, the market would be worth more an estimated $5 billion annually.
That’s the finding of in-depth analysis by the global firm New Frontier Data, which looked at current illicit usage rates and comparable global regulated industries to model what a possible future legal marijuana market would look like.
There has been a growing movement calling for recreational cannabis use to be decriminalised, on the back of several American states and Canada.
If Australia followed suit, the total market — combining recreational and medicinal use — would be worth $5.5 billion annually.
https://www.news.com.au/finance/eco...s/news-story/50cef9f897412bdbcdb2ec33aa448c1e
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