Mexican drug cartels will be stopped in their tracks. Significantly reducing the murder rate in Mexico, and giving that country a chance to fight against corruption. Lower crime and lower corruption = better prospects for growth. Better prospects for growth = fewer fleeing Mexicans = fewer illegal immigrants in the USA = less money spent by the Feds on border security and customs/immigration.
Many terrorist organisations in the Middle-East use heroin proceeds for their funding. Eliminate or reduce that profit stream means less money for them, and so fewer resources. Stability in the Middle East just become a lot more easy.
Marijuana is showing to have more and more medical benefits. This massively reduces healthcare costs for those afflictions, and tend to have fewer side effects than the regular medication. Hemp, too, can be used to produce many things - paper, rope, plastics, shampoos, clothing, etc. Some of these products can be created using hemp in a far more environmentally-friendly manner (and for cheap), than the current legal means.
More people are arrested in the USA each year than for all violent crimes. A person is arrested on a drug charge every 19 seconds in America. Meanwhile, the vast majority of burglaries, murders, and rapes go unsolved. Not only will legalizing drugs reduce the murder/burglary rates, but there will be a higher allocation of resources towards solving these things, now that drug crime is off the budget books.
People's futures will also stop being ruined. Oh, right, you're smoking pot. That's bad for you. To help you, I'm going to throw you in a rape cage for X amount of years, and put a permanent black mark against your name so that when you get out, it'll be harder for you to find a job. You really think if Obama had been caught under the drug laws he enforces - for his weed and coke as a teen - he'd be sitting the President's chair right now? You really think a man who's served time in prison would be able to win an election?
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