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It'll be like after prohibition. They will diminish over time, but it will take time. They won't throw their hands up and say "gosh golly guess we're all done here". They will still try the black market, there's already reports they're protection racketing legal producers, producing other stuff legal or not but by unsavory means, etc. We should do it but it will take decades for the cartels to diminish.
Maybe in Mexico sure but if the market were regulated and controlled here there would be zero chance that the cartels would be racketeering the legal producers. If they could do that here theyd be doing it already with Oxycontin and Adderall producers. When's the last time you saw mexican brick weed around? Was it a decade or so ago when they legalized all the weed in US states? Imagine that.