I say legalize it already. Let the States decide on how to regulate it. The arguments against pot have been around since it was made illegal, and every single claim has been shown to have no merit.
I doubt it is successful though. You legalize pot, you are going to basically kill the lumber industry and alcohol industry. Why drink when you can smoke pot and not suffer hangovers or blood poisoning? Why chop down trees when you can grow hemp at a much faster rate, and it makes a much better paper product? They will be lobbying against this and hard.

