Australian budget

Legalising pot could pack billions into Budget cone

Leith van Onselen
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By Leith van Onselen

MB has argued repeatedly in favour of legalising marijuana on the following grounds:

  • It would bring marijuana into line with alcohol and tobacco, which are both legal and regulated despite being more dangerous to health;
  • It would guarantee purity of supply;
  • It would reduce profits to organised crime; and
  • It would provide a useful revenue stream for the government.

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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.
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