The 19-member commission includes Mexico's former President Ernesto Zedillo, Brazil's ex-President Fernando Henrique Cardoso and former Colombian President Cesar Gaviria, as well as the former US Federal Reserve chairman Paul Volcker and the current Prime Minister of Greece George Papandreou. The panel also features prominent Latin American writers Carlos Fuentes and Mario Vargas Llosa, the EU's former foreign policy chief Javier Solana, and George Schultz, a former US secretary of state.
It is a damning indictment. The group of world leaders, including former Presidents of Mexico and Colombia which are blighted by the trade in illegal drugs, says urgent changes are overdue.
Their report says current policies to tackle drug abuse and the crime that preys on it are clearly not working, but result in thousands of deaths and rampant lawlessness.
It calls for an end to the 'criminalisation, marginalisation and stigmatisation of people who use drugs but who do no harm to others'.
The leading international figures behind the report do not pull their punches. They say sensible regulation of drugs is working in some countries but they accuse many governments around the world of pretending that the current war on drugs is effective when they know it isn't.