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Legal Cannabis goes on sale in New Zealand

The Aotearoa Legalise Cannabis Party has found a way to sell Cannabis to its supporters without breaking the law.

The political party is selling $50 Cannabis bond certificates in anticipation of legalisation and will redeem them for a 1/8th of an ounce of cannabis when it is legal to do so.

The Cannabonds are a fundraising effort to raise the ALCP's profile during the 2014 election campaign and promote a regulated, taxable market for adults.

"We think this is a fun way of repaying our supporters in the future," spokesman Steven Wilkinson said.

"We are the only political party in New Zealand that is offering Cannabis bonds so we think it will give us an advantage leading into the next election."

When cannabis is legalised in New Zealand, six-months will be allowed for the growing of an ALCP "Victory Crop". When the victory crop is harvested, the Cannabonds will be redeemable for Cannabis from any ALCP representative nationwide.

When asked about the legality of the Cannabonds, Mr Wilkinson said they were "entirely legal" and "the party would not be engaging in any illegal activity".