Le­gal pot to boost tax by £500-800m

Midweek Sport - - NEWS -

LE­GAL­IS­ING cannabis could gen­er­ate hun­dreds of mil­lions of pounds in tax, a gov­ern­ment study sug­gests.

The move could also yield sav­ings for public ser­vices, in­clud­ing po­lice and crim­i­nal jus­tice costs, ac­cord­ing to an in­ter­nal re­view car­ried out for the Trea­sury.

But the gov­ern­ment said there are no plans to le­galise or de­crim­i­nalise cannabis.

The study was com­mis­sioned ear­lier this year by the Lib Dems when they were in coali­tion, but it was never pub­lished.

It found that le­gal­is­ing, reg­u­lat­ing and tax­ing cannabis has the po­ten­tial to “gen­er­ate no­table tax rev­enue”.

But of­fi­cials said it would bring in less than the es­ti­mated £500-800m.

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