The legalisation of cannabis could generate nearly $1 billion in Government revenue yet cause a short-term spike in consumption, according to two new reports.
Economic think-tank BERL on Tuesday released its research into what a legal market for cannabis might look like. Justice Minister Andrew Little has warned the reports needed to be taken with “a grain of salt”.
The reports, commissioned by the Ministry of Justice, were initially withheld with as the ministry intended to make them public after the upcoming referendum. But the ministry backtracked after a media outlet laid a complaint with the Ombudsman.
New Zealanders will vote on whether recreational use of cannabis should be legalised at the general election in October. The Government has produced a bill that would enter Parliament if a ‘Yes’ vote is successful.