9 Sep 2020

Reports find legalising cannabis could generate $1.4b in public money

From Morning Report, 8:23 am on 9 September 2020

Two newly released reports have predicted legalising cannabis could generate more than $1.4 billion dollars in public money every year.

The reports suggest decriminalizing cannabis would create up to 5000 new jobs and see as many as 419 cannabis stores open.

A referendum on whether recreational cannabis use should become legal will take place on October 17.

The Ministry of Justice commissioned two reports by BERL, a consultancy advising government, to help draft development of the Cannabis Legalisation and Control Bill.

Hillmarè Schulze is BERL's chief economist.

She speaks to Susie Ferguson.

Get the RNZ app

for easy access to all your favourite programmes

Subscribe to Morning Report

Podcast (MP3) Oggcast (Vorbis)