Cannabis Black Market Thriving Despite Legalization

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

See also: Murder Mountain on Netflix. Interesting take on what legalization and regulations have done to legacy growers

So basically you're saying the illegal drug dealers are still doing just fine! Well DUH!

Also possession is a federal felony so why buy from sellers that keep record

The state-run cannabiz is too high on taxes..Thousands of pot-heads come to Boston Harbor each night after midnight.. - Local opposition, high taxes and onerous regulations are driving cannabis consumers away from legal sellers

Though praised by many, the effects of cannabis/marijuana are still widely unknown... Weed This is a brilliant article: 👉🏽 Now combine it with this TIME one: 👉🏽

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Cannabis Black Market Thriving Despite LegalizationLocal opposition, high taxes and onerous regulations are driving consumers away from legal sellers. its not 'legalized'. its partially legalized, partially decriminalized and partially illegal. thats a great mix for giving a black market a foothold. Yea its not legal in my state. 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
Source: Forbes - 🏆 394. / 53 Read more »