"New Zealand’s historic experiment is under way."

From the Economist:

New Zealand recently passed a law to legalise and regulate synthetic recreational drugs, under a system similar to that which is used to license medicines. The licensing regime is due to get under way later this year; until then, companies that are already making and selling “legal highs” (that is, synthetic drugs that the government hasn’t yet got around to banning) have the opportunity to apply for an interim licence to carry on their business. The health ministry, which is overseeing the new regime, has now published lists of the manufacturers and retailers that have applied for such licences. The documents give a fascinating insight into a normally murky business.

...

Anywhere else in the world such a roll-call of drug makers and dealers would be unthinkable. Many people may be horrified that peddlers of mind-addling concoctions are listed on the health ministry’s website as if they were manufacturers of medicines. But the lists make clear some of the advantages of bringing the business into the daylight. Kiwi consumers can now see exactly what they are getting when they pop a dose of “illusion Connoisseur” (the active ingredient is PB22-5F, in a concentration of 45mg per gram). If they find it too strong they can try the “illusion Massif”, which has the same active ingredient in a slightly lower dosage. Contrast this with the unregulated world of illegal drugs, where a pill could be anything from mild to meltdown-inducing, with no way for the consumer to know until it is too late.

New Zealand's Ministry of Health's psychoactive substances page.