Margaret Thatcher’s favorite free-market think tank has called on the UK government to legalize cannabis

Good. Britain is lagging on this issue.

Ending prohibition just makes sense.

(From The Guardian)

Britain’s black market in cannabis is worth £2.6bn annually, with 255 tonnes sold to more than 3 million people last year, according to the Institute of Economic Affairs (IEA).

A report by the think tank concludes that the criminalization of cannabis in the UK has failed, saying the black market is awash with dangerous high-strength products.

Chris Snowdon, head of lifestyle economics at the IEA, said: “It’s high time for reform of cannabis policy in the UK. Canada and the USA are showing the way. Done properly, the legalization of cannabis is a win-win-win: criminals lose a lucrative industry, consumers get a better, safer and cheaper product, and the burden on the general taxpayer is reduced.”

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