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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 22, 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 22, 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 22, 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 22, 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/
