How can we measure the size of Australia’s illegal cannabis market – and the billions in taxes that might flow from legalising it?
Policymakers will have to think carefully about pricing, taxation and providing discounts for buying in bulk. Else legalisation may not deliver a substantial tax windfall after all.
Canna Obscura/Shutterstock
At the end of this month, a senate inquiry by the Legal and Constitutional Affairs Legislation Committee is due to hand down its report on a bill to legalise cannabis.
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