Victorian Greens push for cannabis to be legalised, taxed similarly to alcohol

Plan would see a 30% tax imposed, which analysis suggests will add $1.21bn in revenue over a decade

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Cannabis would be legal and regulated in Victoria by 2024 under a Greens proposal, being announced ahead of November's state election, that the party says could help raise $1.21bn in revenue over 10 years.

Under the plan, costed by the independent Parliamentary Budget Office, it will be legal for Victorians aged over 18 to buy cannabis, which would be taxed at a rate of 30% of sales - largely in line with levies on alcohol.

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