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Economics of Legalising Cannabis

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 15 Mar 2019

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Cannabis in the UK is currently a controlled drug as classified by the Misuse of Drugs Act 1971.Would legalising cannabis for recreational and medicinal use lead to an improvement in social welfare?

Supporters of legalisation argue that there are net social benefits. Critics argue that the external costs are too high to justify such a decision.

Economics of Legalising Cannabis
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