The Budgetary Impact of Ending Drug Prohibition

Jeffrey A. Miron and Katherine Waldock

State and federal governments in the United States face massive looming fiscal deficits. One policy change that can reduce deficits is ending the drug war. Legalization means reduced expenditure on enforcement and an increase in tax revenue from legalized sales.

Wasted Tax Dollars
Marijuana Legalization and Regulation
Reducing the Harms of Marijuana Prohibition