UK Legalisation & Taxation of Recreational Cannabis to help fund COVID-19 aftermath

UK Legalisation & Taxation of Recreational Cannabis to help fund COVID-19 aftermath

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Cannabis Legalisation started this petition to UK Parliament and

The UK government's battle against the use of recreational cannabis is a failed one. The consumption of cannabis is decriminalised and a significant proportion of the population consume it. If there is demand for something there will also be supply. Even with the currently laws and policing in the UK you can still get cannabis delivered to your door as easily as a pizza. Now, more than ever, is the time to end the failed prohibition for multiple reasons:

1.TAXATION GAINS

 With the current strain on the NHS and the economy, the government has a lot to deal with and fund. Furloughing workers, extra NHS funding and bailing out businesses comes at a huge cost. After legalisation in Canada, $186 million (£149 million) was made within the first 6 months. Canada has a significantly lower population size and GDP so tax gains in the UK should be much higher. It has been predicted that legalisation would bring in over £1 billion pounds worth of tax revenue annually to help pay for the COVID-19 damages.

2. JOB CREATION

Many people have lost jobs as a result of this pandemic; there is a gap that needs to be filled. As of 2019, with 10 states having legalised recreational use, 211,000 Americans work in the cannabis industry. The cannabis industry would be perfect for creating new jobs within the UK economy to replace the thousands that have been lost.

3. CRIME REDUCTION

 The UK government currently spends over £1 billion annually on cannabis related issues. Legalisation would no doubt reduce the size of the markets for illegal cannabis and therefore police spending. Moreover, legalisation would allow the market to be regulated and so many negative health effects would be reduced subsequently reducing NHS costs. Better education on cannabis would further aid this.

There are many more reasons why cannabis should be legalised recreationally. No one is saying that weed is completely safe but neither is alcohol nor many other consumable goods. The fact of the matter is that people are going to smoke whether it's legal or not. No one loses out from legalisation, least of all the government, so why not legalise. With decriminalisation, medicinal and recreational legalisation increasing worldwide it is inevitable that one day it will be legalised recreationally so why not legalise it now when we are in need of the benefits most.

Sources:

Canada Tax Gains

Leafly Report: Cannabis Jobs Count

Economic Benefits of Legalisation

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