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Legalizing Marijuana Would Save England Over £1 Billion A Year: Study

By on September 16, 2013
A new study puts a number on the net benefit of legalizing marijuana in England for the first time

A new study puts a number on the net benefit of legalizing marijuana in England for the first time. (Photo: Getty Images/The Telegraph)

TruthOnPot.com – A legal system for marijuana would generate up to £1.25 billion in taxes and savings for the government of England and Wales, according to a study published this week.

The report, by the Institute for Social and Economic Research, was commissioned by the Beckley Foundation – a drug policy think tank – and is the first to put a number on the net economic benefit of legalization in the country.

Amanda Feilding, director of the Beckley Foundation, highlighted the failures – both in economic and health terms – of the current approach of prohibition.

“In these times of economic crisis, it is essential to examine the possibilities of more cost-effective drug policy. Our present policies based on prohibition have proved to be a failure at every level. Users are not protected, it puts one of the biggest industries in the world in the hands of criminal cartels, it criminalises millions of users, casting a shadow over their future, and it creates violence and instability, particularly in producer and transit countries.”

The report suggests that £200-£300 million a year of government spending would be saved in just policing, court and drug treatment costs.

In addition, taxes on legal marijuana sales would be expected to generate between £0.4-£0.9 billion a year.

The authors conclude with a recommendation for more research and a broader consideration for legalization that encompasses the positives – rather than just the negatives.

The full report is available online at iser.essex.ac.uk

  • Digit

    just a billion? the first? there was one a few years ago by some university (bristol? birmingham?) that was very thorough, and after all gains and losses came to the figure of +18billion anually.

    • Digit

      oh, i should add, that^ was for the whole of the UK, not just England.

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    Please tell me why has it taken so long to legalize MJ in UK if it will save billions annually?

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  • Barak Obummer

    Then JUST DO IT,,,,,, its a plant like Basil or TABACO which is legal and kills millions every year!!!! HELLO R U all BRAIN DEAD or just a bunch of inbread duschbags

    • Chris Robin

      @Barak Obummer – learn to spell. Learn to not be a fuckin arsehole prick douchebag. If you ever come to England I will beat the shit out of you. How do Americans eat Pasta? In Bread. Motherfuckers.

  • Barak Obummer

    britz = idiots

  • Barak Obummer

    let them smoke their tea! with their pinkys up their Arsas

  • mjc

    We just need to take a look at the facts , after all we are adults, and by the way why do we have a cannabanoid system if we’re not meant to ingest cannabis

  • mjc

    Ihave been smoking MMJ since I was diagnosed with cancer and
    no pharmaceutical medecines help near to the extent MMJ does, whetherit be the side effects or no pain relief, please U.K. wake up to your human rights

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