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23rd Apr 2018

Australian Green Party Proposes Cannabis Legalization

Australia

The Australian Parliamentary Budget Office has found that legalizing cannabis throughout the nation would be worth nearly $2 billion a year for the government, according to a Guardian report. The Green Party has proposed a plan to tax-and-regulate cannabis for adults, which, according to the PBO, would raise $3.6 billion over the first four years beginning in July 2019, based on a 25 percent excise tax.

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