Sense Partners, have produced a 32 page report on the cost benefit analysis of drug law reform in New Zealand, and it is well worth a read. Sense Partners, a boutique consultancy of experienced economists with backgrounds in modelling, public policy, regulatory affairs and economic assessments.
“Our current criminal-justice approach to drugs is not working. Drug use remains widespread and, crucially, the social costs and personal harms are still large.
There is a growing movement around the world to take a health-focused approach to reduce the harm from the problematic use of drugs. This focuses action on prevention, harm reduction and treatment, rather than stigma and prosecution.
The emerging evidence is encouraging: a health-focused approach seems to decrease, and at least does not increase, problematic use. Together with increased investment in education, prevention, harm reduction and treatment, such an approach can translate into a significant reduction in harm.”
Countries with stringent user-level illegal drug policies did not have lower levels of use than countries with liberal ones.World Health Organization