Potential Tax Revenue if Drugs Were legalized in Australia

An estimated $6.1 Billion (6 Billion Australian Dollars) would be generated in tax revenue for the Government of Australia if illegal drugs were legalized, according to an opinion piece in The Australian.

From marijuana alone, the potential tax revenue for the Australian government would be $618 Million (600 Million Australian Dollars) a year.

Source:  Adam Creighton, “Taxing drug users could plug budget black holes,” Australian, Opinion, April 5, 2012.