The UK Treasury has dropped its new tax package, and the impact is immediate. This is not harm reduction. This is a deliberate weakening of the regulated ecosystem and the best commercial opportunity the black market has seen in years.

In this episode we break down the facts behind the UK tax hike. We dive into how higher taxation, combined with existing friction points, can erode the UK’s channelisation rate over the next two years. Frontier Economics data, European market studies and real case evidence from the Netherlands and Sweden frame this analysis.