Legalization of drugs such as marijuana, cocaine, and heroin often provokes intense disagreement among citizens as well as policymakers.

Legalization of drugs such as marijuana, cocaine, and heroin often provokes intense disagreement among citizens as well as policymakers. Because legalization would create a market for these drugs, economists can provide helpful commentary based on consumer choice and demand.

Could you please let me know what you do think about legalizing drugs, with pros and cons and explained in detail. I am not from the US, so I would like to have some insights about how you guys feel about this topic. 

Also, how would this affect the market and what possibilities does the market have if it would be legalized? That would be very interesting.