Ireland could raise hundreds of millions of euro in much-needed tax revenues by legalising cannabis, according to a leading US entrepreneur in the business.
Jesse Stanley who, with his four brothers, has built a $30 million (€28 million) medical cannabis business in just a few years, claims the pharmaceutical industry has a “vested interest” in ensuring cannabis is not legalised.
Speaking on a visit to Dublin, Mr Stanley said the Government had created a black market and forsaken tax revenues by making cannabis illegal. “I’m pretty sure Ireland could use $200 million in revenues after experiencing its bailout. They owe it to future generations.
Source: Irish Times, 10/04/2017