Taxing the UK cannabis market
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The cannabis market
There are between 1.7 million and 3.6 million active cannabis users in the UK consuming between 620 and 1,400 metric tonnes of cannabis each year with an estimated market value of between £2.9 and £8.6 billion per annum. The best estimates are an average 2.7 million active users consuming 1,037 metric tonnes with an estimated street value of £5.9 billion per annum.
The majority of the UK market is accounted for by cannabis domestically produced in the UK, with an estimat...
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