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The Greens Party are pushing for medical marijuana to be legalised in Victoria by 2024, in a move that would regulate the recreational usage of the drug.
This comes as a survey by the Australian Institute of Health and Welfare found 41% of Australians supported the legalisation of cannabis for personal use.In 2020 the ACT became the first Australian state to allow citizens to be in possession of up to 50 grams of cannabis and grow it in their home.
Legalising cannabis could generate tens of billions in revenue, enabling big dole increase, Greens argue
Legalising cannabis could generate $28 billion in taxes — and allow the government to increase the dole by $80 a week.according to the Parliamentary Budget Office, and allow the government to increase the dole by $80 a week.
The Greens have commissioned the PBO to war game the revenue that could flow from legalisation, a path embraced by Canada, where marijuana can be bought by adults at government-run stores and licensed private retailers.
It remains a crime in Canada to grow more than four plants at home, smoke in public, carry more than 30 grams or sell to anyone aged 18 or under.
Under the Greens’ plan you could grow six plants in Australia, but it would remain a crime to sell pot to anyone underage, such as teenagers.
Economic Benefits of Legalising Cannabis
Legalizing cannabis offers a substantial opportunity for economic growth in Australia. According to a report by Deloitte Access Economics, the Australian cannabis market could be worth up to AUD $28.8 billion annually (Deloitte Access Economics). This presents an opportunity for job creation and tax revenue generation, particularly crucial in post-pandemic economic recovery.2. Reducing the Black Market
Legalization has consistently proven effective in undermining the illegal drug trade. A report by the Australian Institute of Health and Welfare found that the illegal cannabis market thrives due to prohibition, and regulation can significantly reduce its prevalence (AIHW, 2020). Reducing illegal activity enhances product safety and quality through regulation.3. Social Equity
Legalization can address social injustices arising from the war on drugs. Australian policies focused on equity, such as expunging prior cannabis-related convictions and prioritizing licenses for marginalized communities, have the potential to correct historical wrongs (Drug Policy Australia, 2021).
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