c-hand-RTR2YJOM-Jaime Saldarriaga

There is a proposal to legalize weed in the UK. Here’s why it will fail

£1 billion

Legalizing the £6.8 billion ($8.8 million) cannabis market in the UK could give the government a revenue of about £1 billion ($1.3 billion) in taxes.

Published   |  Photo by Reuters/Jaime Saldarriaga
c-hand-RTR2YJOM-Jaime Saldarriaga
£1 billion

The Liberal Democrat party proposed the idea in their election manifesto, published ahead of the UK general election in June.

c-hand-RTR2YJOM-Jaime Saldarriaga
£1 billion

The party would tax the drug according to its THC content, which would be capped at 15%, according to the Guardian.

c-hand-RTR2YJOM-Jaime Saldarriaga
£1 billion

The drug would come with health warnings in the package. But unlike cigarettes, it would be sold in plain boxes.

c-pack-RTR2JO1E-Stefan Wermuth

Reuters/Stefan Wermuth

c-hand-RTR2YJOM-Jaime Saldarriaga
£1 billion

Chances are high that the plan will never become a reality because the Liberal Democrats are expected to lose the June election.

c-hand-RTR2YJOM-Jaime Saldarriaga
£1 billion

A recent Guardian poll shows the party in a distant third place, with 8% of the vote, behind the Labor party (32%) and the Conservative party (47%).

Published

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