that can run to tens of thousands of dollars annually for license renewals, attorneys, storefronts and state-mandated product testing. They all drive up the costs of legal cannabis versus what’s available from unlicensed sellers.
In some parts of California, taxes can account for up to 45% of the purchase price of legal cannabis, which encourages consumers to look for cheaper alternatives. In fact, California consumers spent $500 millionon legal cannabis in 2018 than they did in 2017, before it was legal for adult-use. That meant California came up more than75% of the cannabis
sold this year will come from the untaxed, unregulated black market due to the state’s snail-like pace of licensing cannabis shops. Officials predict it will be at least three more years before enough legal cannabis sellers come online to cut into unlicensed sales., because cannabis oversight boards are having trouble designing regulations fast enough, driving consumers to the black market.
There is some evidence California, at least, is moving to fix the problems. In January, the state’s Bureau of Cannabis Control voted to allow
Let’s see $150 for a oz from my dealer of 20yrs or go to the dispensary and drop $400 for the same product?!?!🧐
Car part black market thriving despite legalized sales of parts.
Its the Benjamin's, baby. Money talks, marketing walks.
Did you people really think this was going to happen overnight?
Almost everyone in government and do gooders were against marijuana until they saw the possibility of making millions off of the very thing they were vehemently opposed to. Hypocritical SCUM
Yea its not legal in my state.
its not 'legalized'. its partially legalized, partially decriminalized and partially illegal. thats a great mix for giving a black market a foothold.