This is a good move. Psychedelics (read: naturally occuring or semi-synthetic substances which bind to the 5-HT2A receptor) are generally safer than most other recreational drugs (such as alcohol, opiates, amphetamines, cocaine, tobacco) and tend to have the lowest addiction potential. In addition they have some noted medical effects (treating alcoholism and depression in particular, with potential for treating opiate addiction as well).
The best way to approach psychedelics is with the 'less is more' mentality, although this does fly in the face of consumer capitalism and the profit motive.
Are you using the criminalized manufacture and trading of drugs as an example of "free" market failure and a demonstration of why regulated markets work better? Can't tell if it's sarcasm or not.
The best way to approach psychedelics is with the 'less is more' mentality, although this does fly in the face of consumer capitalism and the profit motive.