Australia might legalize medical marijuana. The government introduced legislation to Parliament that would legalize growing pot for medical or scientific reasons.
The bill amends an old narcotics act from the '60s. According to ABC, this bill would "allow for cultivation through a national licensing and permit scheme."
This past October, the state of Victoria legalized non-smokable medical marijuana and will likely be the first in Australia to legalize cannabis.
Even if this new medical marijuana act passes, states there can decide if they will comply.
A report from Australia's Parliamentary Budget Office found if recreational and medical marijuana and hemp production were legalized by 2017, it could mean a sizable chunk of tax revenue in the following two years: about $460 million U.S. (Video via Hemp Farm Australia)
This video includes images from Getty Images and Peter Mackey / CC BY ND 2.0.