How can we measure the size of Australia’s illegal cannabis market – and the billions in taxes that might flow from legalising it?

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. Legalisation aims to redirect profits away from organised crime, safeguard people aged under 18, and protect public health through strict safety and quality regulations. To achieve these goals, the newly legalised market would need to draw current cannabis consumers – particularly those who use large amounts – away from the illegal market and its established network of suppliers. A legal market can also be taxed, and the revenues generated could … Read more