The University of Western Australia has calculated that legalising recreational cannabis could boost the state’s coffers by almost A$250 million per year in the first five years.

Commissioned by Legalise Cannabis WA, the research team found a 25% tax on adult use would generate around $137m in direct tax revenue, based on annual sales of approximately $686m.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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