Ten years after its predecessor committee last looked at the issue, it said change was now urgent.
The committee has said that a Royal Commission should be set up immediately so it could report back by 2015, when the next general election is due to take place.
There is no doubt that we have failed to deal with the dealers and we have not focused on the users. Only with this twin approach will we break the devastating cycle of drug addiction in society.
Drugs cost thousands of lives and the taxpayer billions of pounds each year. This is a critical, now or never moment for serious reform. If we do not act now, future generations will be crippled by the social and financial burden of addiction.
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Rain will affect most of the UK today, with Scotland remaining largely fine and brighter spells appearing in the east and south.
In a searingly emotive address, the president cast Hillary Clinton as the most qualified candidate to unify America as next US president.
The release is the second batch in a series of leaks that have rattled the Democratic Party.