If pot is legalized, government will distort the market for it

In the past week, California governor Arnold Schwarzenegger signed into law legislation that reduced the possession of less than an ounce of marijuana from a misdemeanor to an infraction. This attempt to decriminalize the possession of marijuana comes on the heels of similar action taken by several other states, apparently convinced that the criminalization of certain drug laws are both ineffective at best and contributory to both fiscal and societal chaos at worst. These sentiments place far too much faith in the power of government to alleviate social ills. 

Advocates for the decriminalization of marijuana argue that criminalizing its use only forces it underground, perpetuating a black market in drug dealing whose associated activities include violent crime and social disorder. Rather than fomenting such unintended consequences, government should instead regulate, tax, and benefit from the orderly sale and distribution of this commodity. Many drug legalization advocates further argue that the revenue generated from the taxation of marijuana can be used to benefit a whole host of social concerns, including programs designed to curb the use of drugs themselves.

Full article at The Daily Caller