"Drugs: legalise, regulate and tax" says the New Statesman, finishing up with this:

But if Mr Blunkett cannot be persuaded of its merits, perhaps Gordon Brown can. The drugs market is worth an estimated £6.6bn, all of it at present going into the pockets of criminals. The Chancellor can work out for himself what the duty from a legalised supply would yield, and how many of his public spending problems it could solve.