Thu, May 26, 2017 00:45
The Liberal Democrats recently claimed that legalising cannabis in the U.K. would create £1 billion for the country in taxes and saved police hours.
To back this claim up, the BBC did a "Reality Check" and – as it turns out – it's more or less true. A 2013 study from the Institute for Social and Economic Research [ISER] found that legalising cannabis could raise between £400m and £900m in tax revenue in England and Wales. In addition, the Liberal Democrats recently argued that the police waste one million hours on cannabis prohibition every year, totaling £31 million. They found that 87,247 police caseloads relating to the drug were opened in 2015, with the average cost to the taxpayer per case estimated at £2,256. Add that to the high estimate from ISER and you've got nearly £1 billion.
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