Did it do its job? In the 50’s and 60’s the governemnt experimented on the use of LSD as a treatment drug but they overused it and it led to its banning. Other drugs ave followed creating a black market. For those loyal readers of this blof you know that I am a free market guy and government involvement will only end of creating a blck market and tearing down the free market. However should drugs be leagalized?
This is a question that is interesting and as a free market guy I might say yes, but they destroy lives so much that maybe keeping hem away is a good thing. However, some have good uses. Marijuana can be sued to relieve to ease anxiety r extreme pain but should it be legalized? Ronal Reagan doubled us down on the war on drugs and the campaign to eradicate it. This only forced dealers to rise prices and find new ways, not curb demand. This then forced a never ending cycle of double downing on both sides since. Here are some staggering facts accoridng to Homeland Security and the DEA:
1. 460 Billion spent on the direct search and border protection
2. 200 billion sent to other countries to fight the battle
3. 50 billion on incarceration and annually and prosecution
4. 600 million on treatment
5. Unknown amount spent on medical related issues
So is it worth spending this money when the drug migration increases every year? That is what Portgual answered for themsleves six years ago makign all drugs legal and taxing their sale. They then use those proceeds to pay for treatment of addicts and they have found drug use has decreased across all the tye sof drugs? Is this because the taboo is gone? However, another example is Alcohol. It is legal but it is still the highest cause of accidents for irresponisible use, so would legalizing additional substances make our society more dangerous. In a country like Portgual where driving is not rampant and DUI’s are a taboo in their society they don’t have the same problems we do. SO another example would be Colorado and Washington.
Both legalized Marijuana two years ago. Colorado has had it for sale for seven months now and Washington just opened up its sales. Over the past six months, Colorado has seen 200 MM in revenue from licenses and taxes. They have also seen an uptick in DUI arrests and accidents, but only s 2.3% according to the Colorado Highway Patrol. Is this a significant number? It is too soon to tell. However, the DEA estimates that no drugs are being imported into Colorad or Washington and of course drug arrests are down as one drug is n longer illegal. SO will it work? It might. The govenrment has regulated the market but allowed it to be a free market. Washington is more restrictive than Colorado so it will be interesting to see how it might affect. But it might be too soon to tell.
For some there are advantages:
· Eliminate Black Market
· Collect Fees and Revenues
· Quality Control
· More Controlled Access
But for tohers these disadvantages are still important:
· Easier Access for minors
· More opportunities for people to get in trouble
· Abuse of the product
So what will happen? It will be an interesting experiment. What do you think?