Legalise and tax pot to stop organised crime

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By Leith van Onselen

In recent months (here, here and here), MB has supported The Greens’ proposal to legalisation marijuana on the grounds that:

  • It would bring marijuana in line with alcohol and tobacco, which are both legal and regulated;
  • It would guarantee purity of supply;
  • It would reduce profits to organised crime; and
  • It would provide a useful revenue stream for the government, as illustrated by states in the US that have recently legalised marijuana.

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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.