U.K.: Legalizing Cannabis Could Save and Generate Over a £1 Billion, Save 670,000 in Police Time

Photo credit: cannabisni.com
(Photo credit: cannabisni.com).

If the United Kingdom legalized the possession and taxed distribution of cannabis for those 18 and older, it would generate and save (from reduced enforcement costs) over £600 million, and may end up generating and saving over £1 billion (roughly $1.55 billion).

These numbers are according to a report from the nation’s Treasury Department, which was leaked to the media. The report found that taxing cannabis sales would generate between £397-£871 million per year, and would lead to estimated savings to “public services” of £211 million.

Read moreU.K.: Legalizing Cannabis Could Save and Generate Over a £1 Billion, Save 670,000 in Police Time

U.K. Proposal Announced to Legalize Cannabis, Other Drugs

A group of ministers in the Liberal Democrat party are introducing a proposal to drastically alter the U.K.’s drug policies by legalizing cannabis, in addition to other “club drugs” such as ecstasy, accordinukg to the Sunday Times. The move is planned as a means to fix the U.K.’s failing war on drugs, which has resulted in an increase in crime, and a heavy financial burden on taxpayers.

Read moreU.K. Proposal Announced to Legalize Cannabis, Other Drugs