My point is valid. Black markets simply can't compete with well-regulated legal markets. Why is that simple truth so hard for people to admit?
So how much tax will there be on the virginity of a nine year old girl? What regulations do you propose for cockfighting? Human slavery? Let me guess, all that magically goes away when drugs are made legal and well regulated?
I'll have to remember that if I happen to walk into one of the anti-personnel mines found in the Angeles forest less than five miles from my home in California, which for all intents and purposes has legalized marijuana cultivation.