If you are even a late beginner at meditation and go out into the woods for 4-5 hours, you'll probably have positive and beautiful experiences. No, you don't get the "trippy" visuals, but that's not the important part. Most people don't have the focus to achieve this until they start practicing, but drugs aren't a way out. I prefer meditation's failure mode, which is no experience, to that of drug use, which is negative experience.
I think psychedelics have great potential as medicines and, in ritual use, can bring lay people in contact with spiritual experiences that might not be accessible to them. The idea that these drugs are "evil" is a mixture of xenophobia, bigotry, and religious puritanism. They're not evil; they have great potential for good. On the other hand, I think the recreational use of drugs is seriously overrated.
Psychedelic dependence (of a psychological kind, because these drugs are not physically addictive) exists, but it's much more subtle than physical addiction. When you know someone has a real problem is when he starts attributing positive things (creativity, spirituality, insight) that should not rely on drugs to psychedelics. This leads into materialistic nihilism and a very unsettling style of ennui in which a person has to get further detached from reality to feel good.