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Because watching a televised debate is really the only chance most voters have to see the candidates answer questions and have to think on their feet in a live format. Which means that the more debates that happen, the more people get to see the candidates. And that is indeed a good thing, because it informs the electorate about the candidates to a certain degree.
It should be pointed out that it's not often you get to read the phrase (even with brackets): "bong hits [are a good thing]" in a Supreme Court decision.
Because it's hard to reconcile federal law which states that if you are a certain race (Native American) you are allowed to use an illegal drug (peyote) with your religious ceremony, the practice of many Christian sects which use a legal drug (wine) as a sacrament, and the fact that Rastafarians can be arrested for being caught using their illegal sacrament (ganja). Legally, it doesn't make a whole lot of sense.
But then common sense has never been a strong point of the Drug War.