Obama's answer on pot harshed my mellow

The argument, meanwhile, that pot is a gateway drug to harder substances is true only to the extent that kids who try pot realize they’ve been lied to. If the pot-will-make-you-insane warning is so obviously false, then kids may figure that warnings about more serious drugs must also be so much smoke.

Far more dangerous to pot consumers than severe munchies, or the risk that one may become temporarily riveted by the charms of tiny things, is the gateway marijuana now serves to the criminal world. Legalization (or at least decriminalization) may not eliminate the black market, but it would severely diminish its power and appeal…

As for the economic ramifications of legalized weed, there can be little doubt that marijuana would provide a welcome cash transfusion for a financially anemic nation. By Miron’s estimates, federal, state, and local governments spend roughly $44 billion a year to fund prohibition. Through regulation and taxation at rates akin to those on alcohol and tobacco, those same governments could collect $33 billion a year.