Yes--in plain English, the trade-offs are different in different places. It's not a recreational drug so there is (usually) little risk it will get taken or abused unless it is really needed. That does not mean the drug has no risks and can be taken as a free-for-all.
And it's not just for drugs. It's also why DDT continues used in some countries but is illegal in others.
And it's not just for drugs. It's also why DDT continues used in some countries but is illegal in others.