Turnbull inhales on pot legalisation

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By Leith van Onselen

Prime Minister Malcolm Turnbull has taken the first step towards the legalisation of marijuana, introducing a national scheme into Parliament to licence medicinal cannabis growers. From The Canberra Times:

Although medicinal cannabis is available for particular patient groups and clinical trials, it is currently illegal to grow and import most medicinal cannabis products, leading some patients to buy them from the black market and run the risk of prosecution for drug use and possession.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.