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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A large part of Hagley Road in the south west of the city was cordoned off and later reopened.
People in their 30s face the possibility of drawing their pensions at 70, if the government follows the report's recommendations.
Outbreaks of rain and strengthening winds will affect southernmost parts of England and Wales today.