Advertisements

Peter Reynolds

The life and times of Peter Reynolds

Legalising Cannabis WOULD NOT Save £900 Million. A More Realistic Figure Is £6.7 Billion.

with 3 comments

The £900 million figure being touted around by the Taxpayers’ Alliance as the savings that could be achieved from legalising cannabis is a massive underestimate and isn’t based on the sort of model that is currently being implemented in US states.

CLEAR commissioned independent research in 2011 which shows that a model in the UK simlar to that in Colorado would produce a net gain to the UK economy of around £6.7 billion pa and perhaps as high as £9.5 billion pa.

Ben Ramanauskas, who authored the Taxpayers’ Alliance report, has referenced the research we commissioned in his study but has only considered the savings and not the massive opportunities for additional tax revenue which arise from bringing a £6 billion market out of the black economy.

Full study available here: https://s3.eu-west-2.amazonaws.com/assets.clear-uk.org/taxukcan.pdf

Advertisements

Written by Peter Reynolds

May 14, 2018 at 10:14 am

3 Responses

Subscribe to comments with RSS.

  1. 900 million is more convenient for the government! Victoria Ackins mp has been banned from talking about cannabis since it became public knowledge her husband grows and sells it! You get treated like a mushroom ( keeper in the dark, feed on shit! )

    Stephen Brophy

    May 14, 2018 at 11:23 am

  2. Reblogged this on Britain Isn't Eating.

    A6er

    May 14, 2018 at 3:06 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: