The report argues that there would be major benefits to the tax payer - suggesting that a legalised, regulated market could save the country around £14bn.
"The conclusion is that regulating the drugs market is a dramatically more cost-effective policy than prohibition and that moving from prohibition to regulated drugs markets in England and Wales would provide a net saving to taxpayers, victims of crime, communities, the criminal justice system and drug users of somewhere within the range of… £4.6bn to £13.9bn."Taxing drugs would also provide big revenue gains, says the survey. An Independent Drug Monitoring Unit estimate, quoted in the report, suggests up to £1.3bn could be generated by a £1 per gram tax on cannabis resin and £2 per gram on skunk.
"The government specifically claims the benefits of any move away from prohibition towards legal regulation would be outweighed by the costs. No such cost-benefit analysis, or even a proper impact assessment of existing enforcement policy and legislation has ever been carried out here or anywhere else in the world."
“Prohibition has failed; legalisation is the least bad solution."
Source: The Guardian.