In the United States alone, legalizing drugs would save $41 billion a year currently spent on arresting, trying, and jailing users and sellers, according to a detailed study by the Cato Institute. If the drugs were then taxed at a similar rate to alcohol and tobacco, they would raise an additional $46.7 billion a year, according to calculations by Professor Jeffrey Miron of the Department of Economics at Harvard University. That’s $87.8 billion next year, and every year.
