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Tax yield of legalized cannabis the United Kingdom 2018, by duty rate

This statistic presents the estimated annual tax yield for the United Kingdom government if they legalized cannabis, based on different duty rates. In the event cannabis was legalized and the government only chose to collect value added tax (20 percent) the estimated annual tax yield would be approximately 204 million British pounds. A duty rate of 30 percent could potentially results in the government making 571 million British pounds per year on the legalized cannabis trade.

Projected annual tax yield of legalized cannabis in the United Kingdom (UK) in 2018, by duty rate

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Source

Release date

June 2018

Region

United Kingdom

Survey time period

2018

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Statistics on "Cannabis in the UK"

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