Time to Legalize Pot?

As the Federal Government and State Governments around the country seek additional sources of revenue, a decades-long debate has become the apparent panacea... Marijuana.  No our elected officials are not smoking pot as they debate fiscal issues (hopefully not).  Many are considering the legalization of pot due to the various Economic benefits it can provide.  Are these just the senseless ramblings of "stoners," or is there legitimate Economic rationale for the legalization of pot.

http://freakonomics.com/2014/01/10/who-does-marijuana-legalization-hurt/

http://www.forbes.com/2005/06/02/cz_qh_0602pot.html

http://www.economist.com/news/leaders/21593455-how-tax-and-regulate-marijuana-bongs-and-bureaucrats

http://www.huffingtonpost.com/ranjit-dighe/legalize-marijuana-economic-argument_b_4695023.html

Where do you stand on the issue?  Should marijuana be legalized?  Read the 4 articles linked above and use them to answer the following questions.

1. Explain the strongest argument in favor of legalizing marijuana?
2. Explain the strongest argument against the legalization of marijuana? 
3. Why does Milton Friedman think marijuana should be legalized?
4. Where do you stand on the issue?  Defend your position and be sure to include relevant arguments cited within the articles.  You may also provide additional arguments that are not discussed in the included links.