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  1. The Budgetary Impact of Ending Drug Prohibition

    • Jeffrey A. Miron, Katherine Waldock
    29 September 2010

    The CATO report estimates that legalizing drugs would save roughly $41.3 billion per year in government expenditure on enforcement of prohibition. Of these savings, $25.7 billion would accrue to state and local governments, while $15.6 billion would accrue to the federal government. Approximately $8.7 billion of the savings would result from legalization of marijuana and $32.6 billion from legalization of other drugs.