Overall, all pros and cons taken, there is no contest - legalization is the only correct thing to, especially given how past war on drugs panned out. Nobody advocates its the miracle cure, nobody says you should overdose on them 7x a week, or that you should even take them for that matter. Just like nobody advocates to drink themselves to death just because as an adult you can go and buy 10 liters of vodka or absinthe at once.
There is no protection against stupidity, just a hope for cure in form of education and knowledge.
Legalising something doesn't make the cost disappear. You still have to police DUI, only now with more substance profiles to learn.
You could say the same about the war on drugs.
> Otherwise I'd say it's taking some minuscule effect and blowing it out of proportion.
I don't see how psylocybin would help people with a bit of depression or other problems. I don't want to take a drug just to have some fun. I need more than that.
And no, I don't drink. Alcohol is a depressants, so I don't need that.