Could legalising marijuana save the economy? The government certainly think so…

The idea of legalising marijuana has been floating around the political landscape for a few months now, and now the
Australia

The idea of legalising marijuana has been floating around the political landscape for a few months now, and now the Parliamentary Budget Office (PBO) says the government could stand to make millions if the it happened.

The Parliamentary Budget Office says the government could raise $650 million in one year if it legalised marijuana and put a 10% good and services tax (GST) on the product.

It sounds like an excellent financial solution, but some people worry about the consequences of legalising the drug and fear it could cause more harm than good.

The figures were worked out at the request of New South Wales’ Sen. David Leyonhjelm, who has been particularly vocal about his support of legalising marijuana due to its benefit towards medical conditions and pain relief.

“Of the $1.5 billion dollars spent annually on drug law enforcement, 70% is attributable to marijuana,” he said in a parliamentary speech in July 2015.

“That is an expense we do not need.

“If its consumption is legal, it can be taxed.”

State and federal governments have been toying with the idea of medicinal cannabis the go-ahead, with the debate gaining traction after the United States legalised it in many states last year.

Last year, Health Minister Sussan Ley announced the government would move to amend legislation to allow for the “controlled cultivation” of the plant in Australia for medicinal uses.

Do you think marijuana should be legalised to help the budget? Would you use medicinal marijuana for health reasons?

  1. I am amazed they did not do it years ago, instead the let the drug dealers make the proifits, I am not a smoker but I have a couple of mates who do. The Government needs to get a bit smarter than it is 🙂 People will continue to smoke this weed and the dealers will get richer unles the Government does something to turn it around and make the money themselves

  2. I am totalling behind Marijuana available under prescription from a doctor. I do not want it to be available like nicotine and alcohol.

    • They get it anyway Debbie, it is only people like you and me who could not find it if our lives depended on it, I am silly enough now without smoking funny weed

    • They get it anyway Debbie, it is only people like you and me who could not find it if our lives depended on it, I am silly enough now without smoking funny weed

    • Libbi Elliot Yes I am the same. I had an eye opening experience some years ago when my father was in the local mental health facility. The young people in there as a consequence of smoking pot was scary and sad. I had many talks with Dad’s Psychiatrist and he told me that the main causes of mental illness is alcohol abuse, smoking nicotine, illegal drugs and tattoos. It was a sad and scary place. My children were 15 and 17 at the time and I felt they needed to experience this place. I took them to visit their grandfather and they were freaked out. A lot of people say that people turn to these substances as self medication and there is a certain amount of truth in that. The sad thing is that these substances not only don’t help they make the condition worse. When Willow was studying first year Psych they learnt about the effect on the brain of all of these substances and she said that anyone who studied Psych and abused these substances deserve everything they get because they can’t say they didn’t know. I find the prospect of legalising Marijuana frightening.

    • Libbi Elliot Yes I am the same. I had an eye opening experience some years ago when my father was in the local mental health facility. The young people in there as a consequence of smoking pot was scary and sad. I had many talks with Dad’s Psychiatrist and he told me that the main causes of mental illness is alcohol abuse, smoking nicotine, illegal drugs and tattoos. It was a sad and scary place. My children were 15 and 17 at the time and I felt they needed to experience this place. I took them to visit their grandfather and they were freaked out. A lot of people say that people turn to these substances as self medication and there is a certain amount of truth in that. The sad thing is that these substances not only don’t help they make the condition worse. When Willow was studying first year Psych they learnt about the effect on the brain of all of these substances and she said that anyone who studied Psych and abused these substances deserve everything they get because they can’t say they didn’t know. I find the prospect of legalising Marijuana frightening.

    • I would certainly try it if it was available to assist with pain rather than being on steroids which do a lot of damage to the body …… not to mention weight gain 🙁

    • I would expect them to put a hefty tax on it, then maybe those of us with severe arthritis may not be able to afford it, but hey that wouldn’t worry the Government so long as they make plenty of money out of it.

  3. well if they are going to have medical marijuana would not be the next step? It might help the farmers, they would be the ones to grow it I am presuming. No good me growing anything I barely manage to keep my cactus alive and it doesn’t have much water 🙂

  4. I am all in favour of medical marjuana. But legalising the drug in general just because you can tax it and make money from it? I know this happened (in Victoria) with poker machines and casinos which were all “evil” until some pollie realised they could tax it and make money from it – suddenly it was legal – and now we have people with severe gambling problems. If marijuana, why not heroin (after all morphine is basically heroin) and some other opioids?

    • that probably is the next step Robert, if this goes through, can’t imagine it will to be honest, hell, they don’t even want us to have panadol 🙂

    • was hoping we would see more comments on this, I can see both sides of the coin, I am thinking this may give the farmers a boost

    • Libbi Elliot – We did have tobacco farmers who have fallen by the way with the anti-smoking movement. Would you want to help their resurgence by encouraging tobacco smoking again? I am not aware that there is a scientific verdict that marijuana is a perfectly safe drug with no bad side effects and so would be loathe to see widespread marijuana production and use just because it was good for farmers.

    • Debbie Bryant – So we should ask Starts at 60 to post only one contentious issue each day 🙂

    • Well that will send a great msg to kids how we going to say it’s bad when it’s legal and who will be able to drive apparently it stays in your blood for a week so if your drug tested you’ll get done NO don’t make it legal money isn’t worth our kids health

      • Dan  

        Haha Lynne, you have zero idea. What do we do for alcohol and tabaco? How many deaths have come from marijuana use?

        The older generation thinks they know best without taking an analytical approach. This “well in my experience” or “I see it first hand” bs dosent mean anything. What about the people and their families who’ve virtually had their life prospects diminished by marijuana convictions?

        Another question is ‘Will legalisation curb the current ice epidemic we’re in?’
        Although, you’re prob not aware of the current situation due to the size of the rock youre living under.

        The fact is I can go get absolutly sauced up on alcohol in clubs/bars, smoke as many cigarettes as I like…. yet its illegal to roll a joint with friends and chill out.

        The whole situation is actually quite humorous

  5. I am all in favour of medical marjuana. But legalising the drug in general just because you can tax it and make money from it? I know this happened (in Victoria) with poker machines and casinos which were all “evil” until some pollie realised they could tax it and make money from it – suddenly it was legal – and now we have people with severe gambling problems. If marijuana, why not heroin (after all morphine is basically heroin) and some other opioids?

    • that probably is the next step Robert, if this goes through, can’t imagine it will to be honest, hell, they don’t even want us to have panadol 🙂

    • was hoping we would see more comments on this, I can see both sides of the coin, I am thinking this may give the farmers a boost

    • Libbi Elliot – We did have tobacco farmers who have fallen by the way with the anti-smoking movement. Would you want to help their resurgence by encouraging tobacco smoking again? I am not aware that there is a scientific verdict that marijuana is a perfectly safe drug with no bad side effects and so would be loathe to see widespread marijuana production and use just because it was good for farmers.

    • Debbie Bryant – So we should ask Starts at 60 to post only one contentious issue each day 🙂

    • Well that will send a great msg to kids how we going to say it’s bad when it’s legal and who will be able to drive apparently it stays in your blood for a week so if your drug tested you’ll get done NO don’t make it legal money isn’t worth our kids health

    • LOL Robert…but not first thing in the morning, although my morning is 3 hrs later than some 😎

    • Lynne Maynard same msg we give kids re alcohol – it is legal and look what havoc this substance wrecks on society

  6. I don’t care I am to old to party on drugs, A nice hot bath, a cup of hot chocolate and a pain killer is enough for me these days 🙂

  7. I don’t care I am to old to party on drugs, A nice hot bath, a cup of hot chocolate and a pain killer is enough for me these days 🙂

  8. always felt this. it’s out there anyway and criminals are making nice $$$ out of it. rather the government got it and stopped wasting resources chasing the bloody stuff. plus heaps of good could come of it. it uses less water and fertiliser than many products. the left overs can be converted to paper or cloth. get on with it I say.

    • Cheryl Siddon need no we don’t. BUT most of the problems come from it being illegal. humans being what they have alway ( some ) looked for escape. opium etc. the criminal element do very nicely out of it. not to mention the side affect of thievery etc to afford the prices cos it’s illegal. the way we currently deal with drugs sure ain’t working. alcohol is bad I know but was much worse when people made their own. I could probably rant forever. 🙂 cheers

  9. Just stop procrastinating and get on with making it available to us dying and ill for heavens sake.

  10. Only for medicinal purposes. We certainly don’t want more druggies or drunks on the roads, I think we already have enough.

Leave a Reply

Your email address will not be published. Required fields are marked *