While thinking of Phillip Morris, think about Busch, Coors, Miller Brewing and the like.
Don’t see many Chicago mobsters running them, do you?
Same would happen with legalization.
The underbelly only can survive due to the black market created by government regulation.
What would happen is that the government would tax the drugs like they tax tobacco. Government would become a drug-pusher, getting rich off of the destruction of the American people and their enslavement to the interests of foreign terrorists who control the Coca and Poppy fields. It wouldn’t be a libertarian or conservative solution at all, but a socialist one. People who value freedom and love their country would fight such an evil drug-pusher government.