Life & Culture / NewsLife & Culture / NewsLegalising weed in the UK would be great for the economy, say expertsThe UK could earn up £3.5 billion a year in revenue if cannabis were legal, study claimsShareLink copied ✔️June 4, 2018June 4, 2018Text Allie Gemmill On Sunday, The Independent reported on a new study released by the advocacy group Health Poverty Action that indicates legalising cannabis in the UK could be a seriously great move for the nation. Among the many benefits being touted by the group are: the UK could earn up to £3.5 billion a year (if taxed the same way tobacco is taxed) from legal cannabis sales, the distribution of the drug would be safer (eliminating the possible dodginess of buying from individual dealers) and there would be enough money made to help fund the NHS. The study also uses specific examples from states in the U.S. that have already legalised cannabis as a means to argue that the UK following suit would do more good than it would harm. They write, "Colorado — with a population only slightly larger than Scotland — raised $247m (£179m) from new cannabis taxes and licence fees in 2017 alone." And for those who argue that legalising cannabis would negatively impact teens, the study refutes that by pointing out that "the early indications from the US states where the newly regulated markets are most developed, are that teenage use of cannabis has not risen as opponents of legalisation had feared, whilst at the same time new cannabis taxes are bringing in vital revenues to help fund public services." Finally, the study addresses the fact that legalising cannabis would allow for a booming new industry to take hold in the UK, but there is a social benefit to it as well: the elimination of cannabis-related criminal activity. "Regulation could reduce the ‘gateway’ opportunity for criminal suppliers to additionally market more risky (and more profitable) drug to consumers." It's not clear at this time is there are any serious conversations being had to go ahead with legalising cannabis in the UK. But, with success being seen in part of the U.S. and with Canada set to legalise cannabis in 2018, it's hard not to ignore that this could be a legitimate, viable option to help the UK and, more importantly, the NHS. Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy Expand your creative community and connect with 15,000 creatives from around the world.TrendingKristina Rozhkova’s uncanny photos of young RussiansIn her latest project, Unbewitched, the photographer ‘conjures fairytale realities’ to help cope with political instability in the regionArt & PhotographyArt & PhotographyNancy Honey’s photographs capture what it feels like to be a girlLife & CultureHave you ever been friend-bombed?Film & TV7 sex worker-approved films about sex workOnFashionHow On and Loewe are shaping the future of footwear MusicSulfur Surfer: 5 esoteric influences on Bladee’s new albumArmani Exchange FashionArmani Exchange joins Amnesia in Ibiza to kickstart summer party seasonLife & CultureHelp! My boyfriend doesn’t readBeauty10 of the hottest Instagram accounts fusing art, sex and eroticaEscape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy