There are some big differences, but sure, they are reminiscent of eachother.

Experts aren't sure if it would be a problem yet, and are understandably concerned they might simply make the problem worse. Don't rule the concept out simply for vague association with the failing "war on drugs". "Should we flood the market with imitation ivory" and "Should we ban cannabis" are very different questions.

Given two options, both unknown on how they would impact the problem (and near impossible to test even if we did implement a change because we cannot isolate other variables), I would default to the one that increases freedom and decreases imprisoning others.

Also, indirect prohibition has shown to be failure time and time again, often being more harmful than not.

I'm not here to talk about drugs. How does this connect back to ivory and whether or not we should produce large quantities of fake ivory?

That last post was all about ivory, not about drugs. That it can be so easily confused shows the connection between the two.