There are already regulations in place to prevent abuse of these drugs, but they hardly work. I think that if humans want to use something, then we should be able to use it. Of course, there should be things like surgeon general's warnings on the various substances, and they should be sold with the safety sheet and proper precautions to take.
I'm surprised that more people on HN don't agree with this sentiment. I would presume that the majority of the people here are libertarians, and deregulation of drugs goes hand in hand with that political ideology. My guess is that most people here are worried that any promotion or tacit approval of drugs will lessen their chances of getting selected for funding.