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Australia spends billions ‘failing to police’ cannabis that earns black market $25bn a year, Greens say


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David Shoebridge says legalising the drug would bring in $28bn in tax revenue in first decade

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Australia’s cannabis industry could be earning the black market $25bn a year and, rather than policing it, we could be gaining revenue from it by legalising it, Greens senator David Shoebridge has said.

“Law enforcement is spending billions of public dollars failing to police cannabis, and the opportunity here is to turn that all on its head by legalising it,” he said.

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Continue reading…David Shoebridge says legalising the drug would bring in $28bn in tax revenue in first decadeGet our morning and afternoon news emails, free app or daily news podcastAustralia’s cannabis industry could be earning the black market $25bn a year and, rather than policing it, we could be gaining revenue from it by legalising it, Greens senator David Shoebridge has said.“Law enforcement is spending billions of public dollars failing to police cannabis, and the opportunity here is to turn that all on its head by legalising it,” he said.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…