Manifesto pledge figures based on Treasury report and evidence of recent legalisation in Colorado, Washington state and Uruguay

Legalizing cannabis would raise £1bn in tax revenues, according to the Liberal Democrat manifesto, which backs a regulated market for the drug.

The document calls the war on drugs “a catastrophic failure” in which billions were flowing into organised crime rather than the Treasury’s coffers.

The Lib Dems said a legal, regulated market for cannabis would bring in £1bn for the government, based on Treasury figures commissioned by Nick Clegg while he was deputy prime minister.

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Jessica Elgot ~ TheGuardian.com via 420Intel.com ~

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