How much could New Zealand earn from taxing legal cannabis? A regulated market in cannabis would net $70 million in new tax revenue, independent analysis carried out for Stuff reveals. The New Zealand Institute of Economic Research modelling shows a 25 per cent excise tax on legal marijuana would raise $40m, on top of an extra $30m from GST. A legal market in cannabis would drive the consumer price down and significantly cut the cost of producing the crop, NZIER believes. Wilson suggested a 25 per cent excise on cannabis, based on the experience in Colorado, USA.

Source: Stuff July 03, 2017 12:00 UTC