Cannabis tax could raise half a billion a year

An interesting report by NZIER on how a legal cannabis market could work in terms of costs, revenue and demand.

One key takeaway is they estimate that if the legal market entirely displaced the black market, then a 25% ad valorem tax on cannabis would raise $250 million a year and GST would bring in $240 million a year so total revenue of $490 million a year.

If you spent even half of that revenue on Vote Health it would make a real difference!