Sir Richard Branson has criticised 'misguided drug policy', which he blamed for wasting ‘billions of dollars’.
The Virgin mogul was speaking after working with the UN on the Global Commission for Drug Policy.
In an article for Daily Telegraph, he wrote: "Over the past 50 years, more than $1 trillion has been spent fighting this battle, and all we have to show for it is increased drug use, overflowing jails, and thriving crime syndicates."
He also argued that the decriminalisation in Portugal has been proven to be very effective reducing the consumption of drugs.
The father of two emphasised that he does not encourage the use of drugs and strongly supports an increased education for young people.
He is due to speak in front of the drug policy inquiry by the Home Affairs Select Committee.