Even if we presume that big pharma is a very corrupt industry and that allowing advertising of narcotics would increase drug use in some populations, bringing the production and distribution into a moderately well regulated market would likely cause a net reduction of usage and overall harm.
I don't see how legalizing it completely where anyone who wants it without a prescription could possibly turn into anything but an absolute mess. How many millions of people will say "O, the government legalized it and I can buy it in a store, it must not be so bad, I might as well try it out", become addicted and have their lives ruined? People can't rationalize their way out of addiction of this stuff easily.
I don't understand how adding a profit incentive somehow _reduces_ the usage. Because the government would force less consumption somehow?
I think there will be a really big systemic drive to stop this kind of system because if we’re doing this already for “vice” drugs, why not do it for all drugs even if they don’t get you high? This would remove tons of middlemen and give consumers a lot more control over how they get their medication.
Does that framing change your mind at all? Sure, small-time drug dealers are currently allowed to profit from it. Once they get big enough though, they're usually stopped by the DEA.
The idea of giving this enormous profit incentive to multi-million dollar corporations with huge advertising budgets is absolutely terrifying to me.