British billionaire Sir Richard Branson has suggested New Zealand’s farmers should move away from expanding dairy operations and grow cannabis instead.
The entrepreneur behind the Virgin Group made the bold proposal during a $1,000-per-ticket charity dinner, and said the drug should also be regulated and taxed.
The 66-year-old Londoner, who has a reported net worth of $4.9 billion, told Newshub: “You should legalise it, grow it, tax it, regulate it.
“I think that would be wonderful because obviously the amount of dairy cows that New Zealand has is damaging the rivers, if you could put some of that land over into growing cannabis would be just as profitable for them, if not more profitable.
“We've done a lot of studies on the war on drugs and it's been an abject failure, and what is absolutely clear to us is that drugs should be decriminalised and people who have drug problems should be helped.”