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What a Regulated UK Cannabis Market Might Mean for Business

Nick Clegg has warned of the risks of 'unfettered commercialisation', but how could the UK build a model that works for both small and large enterprises?

Former Deputy Prime Minister Nick Clegg claimed on Friday that legalising cannabis in the UK would improve public , but warned of the “risks of unfettered commercialisation”.

In doing so, Mr Clegg highlighted the potential tension between building a model that works for health and one that works for business.

So what might that model look like and what could it mean for UK business?

Could legalising cannabis really raise £1bn in tax revenues as claimed by the Liberal Democrats?

Any projected figure can only be regarded as a rough estimate, but £1bn is certainly within the realms of possibility.

Calculations are largely based on how many cannabis users there are in the UK, and how much they smoke. Assumptions can then be made about prices and tax.

According to the...

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