Register ICMag Forum Menu Features Search Today's Posts Mark Forums Read
You are viewing our:
in:
Forums > IC Magazine > Marijuana News > Legalising cannabis will score £1billion for the Treasury

Thread Title Search
Post Reply
Legalising cannabis will score £1billion for the Treasury Thread Tools
Old 07-01-2018, 09:37 AM #1
Gypsy Nirvana
Free'd P.O.W.

Gypsy Nirvana's Avatar

Join Date: Jan 2004
Location: Back in Blighty!
Posts: 8,862
Gypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivorGypsy Nirvana is a survivor
Legalising cannabis will score £1billion for the Treasury

HIGH for the taxman! Legalising cannabis will score £1billion for the Treasury with £300m savings to NHS, says think tank

The Institute of Economic Affairs said the UK cannabis market was worth £2.6bn

Its report said legal sales of cannabis would 'virtually eradicate the black market'

It comes amid a row over the cannabis-based treatment of a 12-year-old child


Legalising cannabis would provide a £1billion windfall to the Treasury and leave marijuana users with more money in their pockets, a report has claimed.

The research by the Institute of Economic Affairs claimed that the UK cannabis market was worth £2.6billion with more than three million customers.

It also cited previous studies saying that savings for the NHS and other public services could amount to as much as £300million.

The report, entitled Joint Venture: Estimating the Size and Potential of the UK Cannabis Market, said legal sales would 'virtually eradicate the black market'.

The research by the Institute of Economic Affairs claimed that the UK cannabis market was worth £2.6billion with more than three million customers

Pressure has been mounting for the government to consider legalising cannabis, with former Tory leader William Hague among those to back the change.

The IEA report said: 'Legalising cannabis could alleviate the mental health issues associated with cannabis in two ways.

'First, by generating tax revenue that could be spent on mental health services.

'Second, by allowing safer, regulated cannabis to displace the more dangerous strains that have taken over the market.'

Mother of epileptic boy, 12, at centre of cannabis oil row...

The think tank estimated that 255 tonnes of cannabis were sold in the UK in 2016/17, with customers paying a combined £2.6billion for the product.

It calculated that the change could bring in as much as £690million if the product were taxed at 30 per cent plus VAT.

The report said: 'Claims about cannabis legalisation providing a £1 billion windfall to the Treasury seem pessimistic.'

'Meanwhile, lower prices would leave cannabis consumers with more money in their pocket, allowing hundreds of millions of pounds to flow into other areas of the economy.'

Billy Caldwell with his mother Charlotte. The 12-year-old is fighting for his life after being deprived of cannabis oil that helps prevent seizures

It came after the mother of an epileptic boy who requires cannabis-based medicine to control his potentially deadly seizures has pleaded with the Home Office to allow her son home with his treatment.

Charlotte Caldwell, mother of 12-year-old Billy who suffers from a severe form of epilepsy, appealed on Facebook directly to the Home Office to allow her son to go home with his medicine.

Billy Caldwell's supply of cannabis oil was seized when he and his mother arrived in London Heathrow Airport earlier this month.

Shortly afterwards, Billy was rushed to the Chelsea and Westminster hospital when he suffered a major seizure after the effects of his medication wore off.

Home Secretary Sajid Javid used his powers to allow Billy access to his medication, but only if he remained in hospital.

https://www.dailymail.co.uk/news/art....html#comments

**another link to a bigger story on Billy Caldwell: https://www.dailymail.co.uk/news/arti...marijuana.html
__________________
'It can all start from a seed'
Gypsy Nirvana is offline Quote


Old 07-01-2018, 04:07 PM #2
MJPassion
Observer

MJPassion's Avatar

Join Date: Dec 2012
Location: uni-verse
Posts: 6,699
MJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond reputeMJPassion has a reputation beyond repute
The world is full of fools willing to ask permission from their masters to do something that hurts their masters not.

You will get what you ask for!

Just remember,
Legalization IS the regulation of individual free will.
MJPassion is offline Quote


2 members found this post helpful.
Old 07-03-2018, 08:01 AM #3
mean mr.mustard
I Pass Satellites

mean mr.mustard's Avatar

Join Date: Feb 2005
Location: Overturning Pebbles and Upending All the Animals Alight
Posts: 7,531
mean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivormean mr.mustard is a survivor
That's it?

Seems light.
mean mr.mustard is online now Quote


Old 08-09-2018, 10:58 AM #4
Danielloveschoc
Newbie

Join Date: Aug 2018
Posts: 18
Danielloveschoc will become famous soon enoughDanielloveschoc will become famous soon enough
Quote:
Originally Posted by MJPassion View Post
The world is full of fools willing to ask permission from their masters to do something that hurts their masters not.

You will get what you ask for!

Just remember,
Legalization IS the regulation of individual free will.
Never a truer sentence written.

It will be legalised AND it will remain illegal for you and me to grow it.

They will class it as MEDICINE which means only big pharma can grow it and only a doctor can prescribe it AND it will be taxed very very very highly
Danielloveschoc is offline Quote


Post Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


All times are GMT +2. The time now is 04:53 AM.




This site is for educational and entertainment purposes only.
You must be of legal age to view ICmag and participate here.
All postings are the responsibility of their authors.
Powered by: vBulletin Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.