Resource

The Budgetary Implications of Drug Prohibition

Jeffrey A. Miron

The report estimates that legalizing drugs would save roughly $48.7 billion per year in government expenditure on enforcement of prohibition. $33.1 billion of this savings would accrue to state and local governments, while $15.6 billion would accrue to the federal government. Approximately $13.7 billion of the savings would results from legalization of marijuana, $22.3 billion from legalization of cocaine and heroin, and $12.8 from legalization of other drugs.

Criminal Justice Policy Foundation
Marijuana Legalization and Regulation
Reducing the Harms of Marijuana Prohibition
Report