A new report from the UK Liberal Democrats setting out how a regulated cannabis market could raise over £1 billion in tax revenue for the UK has been published today by an independent panel of experts set up by the party.

The report sets out how the legal production and supply of cannabis could work in the UK. It was established in the autumn by Liberal Democrat Health spokesperson Norman Lamb MP. The expert panel was chaired by Steve Rolles, senior policy analyst from Transform Drug Policy Foundation.

The report proposes allowing the sale of cannabis to over 18s from specialist,...