Edit to add my opinion so I’m not just replying “I agree” to 90% of comments. I think it should be legal, properly regulated, taxed and viewed as a profession. I haven’t personally engaged in it but I have no moral objection to it. I do hate the common sentiment that it was the individual’s “only option” though.
How about legalize it, but register it, don’t tax it!?
…at least for a while, until registration becomes the norm. Otherwise there’s going to be a lot of cash in hand still