British Columbia could generate hundreds of millions of dollars in annual revenue if it regulated and taxed marijuana, according to a new study.
The study, published this month in the International Journal of Drug Policy, estimates British Columbians spend between $443-million and $564-million on marijuana each year.
"Given the value of this market and the failure and harms of law enforcement efforts to control the cannabis market, policy makers should consider regulatory alternatives," the study says.
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