'Green gold': Legalising marijuana could yield $28 billion

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'Green gold': Legalising marijuana could yield $28 billion
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Allowing Australians to grow six marijuana plants in their homes could yield $28 billion, according to a parliamentary body report.

A cost breakdown revealed legalising cannabis for adults would generate $28 billion, according to a Parliamentary Budget Office report commissioned by the Australian Greens Party.

As a result billions of dollars would be saved from police and criminal justice expenditure and redirected to schools, housing, hospitals and social support. “This is an opportunity for some serious investment in social justice,” Mr Shoebridge said in a statement on Monday. It would act as the wholesaler between producer and retail outlets and set the price according to the drug's street value.

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