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 in 2018, by duty rate
(in million GBP)
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IEA. (June 29, 2018). Projected annual tax yield of legalized cannabis in the United Kingdom in 2018, by duty rate (in million GBP) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/
IEA. "Projected annual tax yield of legalized cannabis in the United Kingdom in 2018, by duty rate (in million GBP)." Chart. June 29, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/
IEA. (2018). Projected annual tax yield of legalized cannabis in the United Kingdom in 2018, by duty rate (in million GBP). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/
IEA. "Projected Annual Tax Yield of Legalized Cannabis in The United Kingdom in 2018, by Duty Rate (in Million Gbp)." Statista, Statista Inc., 29 Jun 2018, https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/
IEA, Projected annual tax yield of legalized cannabis in the United Kingdom in 2018, by duty rate (in million GBP) Statista, https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/ (last visited November 21, 2024)
Projected annual tax yield of legalized cannabis in the United Kingdom in 2018, by duty rate (in million GBP) [Graph], IEA, June 29, 2018. [Online]. Available: https://www.statista.com/statistics/977602/price-of-cannabis-in-the-uk/
