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This logic is akin to giving bank robbers government VISA cards with the promise of paying their balance for them at the end of every month. It will decrease bank robberies initially but, the money needed to sustain them will grow with their greed. Also it will do nothing to deter future bankrobbers. In fact the life style might look more attractive.
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Bank robbers steal the bank's money, there is a victim involved. Drug addicts mostly harm nobody but themselves, unless they need drugs and can't pay for them, than they become bank robbers. Putting people in jail for the victim-less crime of using drugs is stupid and expensive. Giving addicts access to their drugs, keeps them from robbing banks.
I'm in favour of legalizing pot and taxing it just for the financial aspects of it, never mind the moral aspect.
Controlling hard drugs through government dispensation would cut down on crime, also save government money and make our streets safer.