Congressional Budget Office Cost Estimate: Estimated Changes in Direct Spending and Revenues Under H.R. 3617, the MORE Act [open pdf - 83KB]
This is the Congressional Budget Office (CBO) Cost Estimate as Reported by the House Committee on the Judiciary on March 24, 2022, and Posted on the Website of the House Committee on Rules as Committee Print 117-37 on March 24, 2022. From the Document: "H.R. 3617 would federally decriminalize cannabis (marijuana), expunge the records of people convicted of federal cannabis offenses, and require resentencing of some federal prisoners. As a result, CBO estimates, thousands of current inmates would be released earlier than under current law. In the future, decriminalization also would reduce the number of people in federal prisons and the amount of time they serve. CBO estimates that over the 2022-2031 period, H.R. 3617 would reduce time served by current and future inmates by 37,000 person-years. CBO's analysis accounts for time served by offenders convicted of cannabis-only crimes and time served by people convicted of a crime in addition to a cannabis offense."
Congressional Budget Office: http://www.cbo.gov/