Here's poster #2 making an excellent case on why the phamaceuticals should NOT be spending millions to develop drugs using the cannabinoids in marijuana. I sure do hope you're not one of those complaining about lack of research.
To answer your question. Smoke it, if you like. But know that it's illegal.
A lot of hurdles would need to be overcome to legalize smoking as a delivery system.
Aspirin has never undergone all the paperwork protocols that would be required to bring a drug to market today. Should it be taken off the market until someone does all the necessary research? If it was, would anybody do the necessary research given that asprin is non-patentable?
There are some people whose lives are clearly and unambiguously improved by smoking pot. There are other people whose lives are made worse. There are many others whose lives aren't really affected much one way or the other. Unfortunately, when banning pot, or guns, or most other products that can be good or bad, the people most affected by the ban are usually the ones for whom the products would be beneficial.