Assume we live in a legal drug world. All the formerly illicit drugs are now available at legalized, licensed, regulated drug parlors. Of course, such drugs are ONLY sold to adults.
But… if there are kids who WANT drugs and have the money to pay for them, the demand WON’T go away just because the law restricts legal sales. If kids WANT Ecstasy, doesn’t it stand to reason there will be people happy to sell it to them via the black market?
As has already been mentioned upthread, how would legalization of Ecstasy be any different from legalization of Alcohol? Sure, minors would be able to get access through the black market… but they can (and do) now regardless.
Also mentioned already, there would be fewer (or no) black-market-produced drugs that might be adulterated, inconsistent, or altogether fake, lowering the chance of health repercussions due to people ingesting something other than they think they’re ingesting.
And if kids WANT alcohol, they get someone to buy the good stuff for them, they don’t buy moonshine backyard still stuff that’s half methanol and go blind.
Who, exactly, is going to be manufacturing and selling Ecstasy (to use just one drug), and how do they expect to make money?
Personally, I don’t see Pfizer or Merck jumping in to sell Ecstasy, even if it’s legalized. But assume I’m wrong. Assume big Pharma DOES start selling the stuff. They want to make money, don’t they? And they can’t make much money selling just a little bit of the stuff to a few select people. Are they going to be allowed to advertise? To make corporate spo0nsorship deals?
If not, it doesn’t sound like a great deal for them.
And how much stuff will they be allowed to sell? As much as buyers want? If they’re NOT allowed to sell as much as buyers want, won’t buyers automatically go to people who WILL sell them as much as they want?
Tobacco is legal, but that doesn’t mean there isn’t a huge black market in tobacco products.
Generic drugs are profitable only if you get to sell huge quantities.
Is Teva going to be able to market and advertise its generic crack or its generic crystal meth? Are they going to be allowed to charge whatever they want?
If not, it STILL sounds like a bad deal for the pharma company.
Don’t roll your eyes- it’s a fair question, and you know it.
Pharma companies want to make money. Will they be allowed to advertise? Or, if there are competing companies, can they make commercials claiming “Our crack will get you MUCH higher than theirs”?
Can they charge whatever the market will bear, or only what the government tells them they can charge?
Can they sell customers as much as they want, or just some pre-set limit?
I also know that hundreds of millions of pills are sold every year on the black market.
Because it doesn’t sell by word of mouth now?
I’d assume they’d charge based on the market. Certainly advertising should be regulated like it is for alcohol and cigarettes.
Good question.
Your questions regarding its regulation are good but your arguments about it not being profitable are just not even worth taking seriously. There is a multi-billion dollar market for ecstacy alone and the profit margin is insanely high at every level of the trade. Right now a pill costs pennies to manufacture and can sell for up to $ 25 each.