Drug liberalization is the process of eliminating or reducing drug prohibition laws.
Variations of drug liberalization (also spelled liberalisation) include drug legalization, drug relegalization and drug decriminalization.
The Convention distinguishes between the intent to traffic and personal consumption, stating that the latter should also be considered a criminal offence, but "subject to the constitutional principles and the basic concepts of [the state’s] legal system" (art. The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) defines decriminalization as the removal of a conduct or activity from the sphere of criminal law; depenalisation signifying merely a relaxation of the penal sanction exacted by law.
Decriminalization usually applies to offences related to drug consumption and may include either the imposition of sanctions of a different kind (administrative) or the abolition of all sanctions; other (noncriminal) laws then regulate the conduct or activity that has been decriminalized.
This increase indicates that consumers are responsive to price changes in the cocaine market.
There is also evidence that in the long run, consumers are much more responsive to price changes than in the short run, Opponents of prohibition argue that many of those externalities are created by current drug policies.
$121 billion was spent to arrest these offenders and $450 billion to incarcerate them.