With unprecedented uncertainties in the UK economy, 59% of the population supports cannabis legalization. 75% of the population admits to using CBD as administered by doctors when legalized. With these inferences, cannabis legalization in the UK can be a lucrative industry with little demand problems. In this article, we will answer the question, should cannabis be made legal in the UK? Secure your time and effort to take a look.
Is CBD Legal in the UK?
Although there is an explosion of CBD user’s in the UK, the UK law is confusing on the product legality and the question ‘Is CBD legal in the UK?’ is a commonly asked one. To some citizens, CBD should be made legal. While to others, it shouldn’t. But, in all fairness, CBD is currently 100% legal in the UK on the following must-meet requirements: –
- Advertisement or sale of CBD should not claim the product has attached medical claims or benefits.
- CBD products must contain low (0.2%) THC content.
- CBD products must be extracted from an approved EU industrial-grade hemp strain.
- Sellers must get a license from the home office to distribute or sell CBD.
- It should be sold as a nutritional supplement, rather than medicine.
Benefits of Legalizing Cannabis
Should the UK government legalize cannabis? Yes, because:
1. Cannabis Legalization would Protect the Consumer from Harm
With 7.4 million tobacco users in the UK, 38 million citizens support cannabis legalization. To them, legal cannabis regulation would solve the mental health challenges that cannabis users face. They post that the regulation will enable buyers to know the products’ contents unlike before.
Ideally, when legalized cannabis must be sold to adults. And the market taxed for quality control. With this, the UK government should enforce cannabis policing costs.
Youth exclusion from cannabis use will help avoid mental health problems. Notably, legal cannabis regulation can help protect the young generation from crimes.
Unlegalized cannabis use is linked to arrest risk, suicidal attempts, organized crimes, high THC, and illegal trade. All these expose citizens to a more violent world. So, legal regulation would help surmount these harmful traits.
James Nicholls alludes that the legal regulation of cannabis can help protect consumers from harm. Also, he posts that this can help cut cannabis mental health risks in teenagers.
The truth is that cannabis use is dominated by potent products sold in riskiest environments. So, this is the reason cannabis should be legal in the UK for legal supply and production. Legalization retreats the drug from harmful and risk environments to appropriate regulated authorities.
2.Cannabis Industry would be an Opportunity to Business Make Big Monies
Cannabis legalization in the UK can be a lucrative industry with no demand shortage. Cause the citizens are eagerly longing the legalization of cannabis in the country.
Notably, If the black cannabis market generates £2.6bn annually, how will it be if cannabis is legalized? More than this, Right!
The US cannabis market earns an estimate of $24.1bn annually. And with this, scads of entrepreneurs have thrived in the cannabis industry. For example, Eaze makes over $52M in profit by supplying medical marijuana in California. Green Bits (sophisticated digital selling platform worth $20M) sells cannabis in the US.
Precisely, legalizing cannabis in the UK can enable businesses to make tons of money. The opportunity would encourage and promote UK businesses’ success and create new jobs. With this, cannabis legalization can be beneficial to the UK government, citizens, and businesses. who are eager to turn a profit by producing cannabis in this blossoming industry.
3.Cannabis Legalization would save the UK Government Money
Today, the UK government incurs over £1bn in the cannabis industry to seize illegal cannabis and prosecute weed farmers. Moreover, the government spends lots of money on the treatment of cannabis health-related problems.
Regulating cannabis in the country through law enforcement agencies and the NHS could help the UK government make huge savings.
Also, when regulated, cannabis taxation can earn the treasury £1.4bn, which is enough to pay midwives and ambulances staff.
4.The UK could be New Amsterdam
Cannabis legalization has made Amsterdam flourish as a result of tourist attraction. Conversely, Colorado earned $2.6bn in 2015 from tourists attracted by cannabis legalization. Similarly, to these states, the UK can attract tourists and earn billions through cannabis legalization.
Amsterdam is flourishing through the global attraction of tourists, with the legalization of marijuana being the main reason. The city features numerous stores of legal and safe cannabis for users (over 18yrs) access. Unlike the UK, Amsterdam has a low crime rate due to cannabis regulation.
That said, cannabis should be made legal in the UK to lower crime rates, increase tourist visitation, and earn revenue for the state to flourish as the case is with Amsterdam.
5. Regulated Drugs are Safer
It is right to argue that the legalization of cannabis can help maintain the quality of the product. Unregulated products vended by manufacturers and intermediaries may contain toxins. Unsurprisingly, manufacturers cut corners and use toxins to hasten the production process.
Farmers can grow the plant with the help of pesticides, which the plant absorbs. The presence of toxins in cannabis would elevate the risk of side effects. But, with legal regulation, cannabis use would be safer than when at hands illegal farmers.
The UK government should legalize cannabis to prevent cannabis-related deaths from the toxics. The legalization would ensure cannabis consumables (capsules, & creams) are safe for domestic use.
6.The legalization would lead to Big Savings to the Taxpayer
From a taxation perspective, cannabis should be made legal in the UK. Cause as noted by Lib Dems (UK political party), the legalization could raise a £1.5bn tax. Additionally, Health Poverty Action, posts that legal recreational cannabis use can earn over £3.5bn tax annually.
The paradigm is that if you can’t beat them, regulate them since prohibition has failed. So, the UK government can legalize cannabis by regulating the market for better consumer health and establish a safer market.
Cannabis legalization can save £300M, spend on policing, criminal justice, and drug treatment services. This is a great saving to the Taxpayer. Also, legalization would free-up judicial systems enabling them to address more violent crimes. And with this, the overall prison burden would be surmounted.
That said, the legalization of cannabis in the UK debate embraces lots of considerations. Some advocate that the monetary value benefits outweigh the consequences. To others, addiction and crime explosion will befall the nation. But in all fairness, the legalization would create businesses, jobs, generate extra tax.
Should cannabis be made legal in the UK? Yes, in consideration of monetary benefit, and on government regulation. The government can legalize cannabis-based medicine for recreational use in private places.