Why New York Legalizing Recreational Cannabis Won’t Kill The Illicit Market

doesn’t limit canopy size—how many plants legal producers can grow—and taxes are not too high, he’s confident the illicit market will gradually go away.

It’s hard to track whether the illicit market has grown or contracted since New York legalized medical cannabis, but it’s clear that the state’s limited program, which is very strict and allows for only few product offerings, hasn’t crushed it.ccording to the Drug Enforcement Administration’s New York field office, felony arrests for marijuana possession and distribution have only dropped 13% between 2016 and 2020.

“When the illegal market starts to take things from the legal market, I think it turns the narrative upside down,” says Vita.

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Why New York Legalizing Recreational Cannabis Won’t Kill The Illicit MarketThe city that never sleeps has always had a strong illicit cannabis market and adult-use legalization is unlikely to stub it out anytime soon. People need a little more good news now. Ok. it also means some strange dude doesn’t have to come to your apt. With a backpack either. Because local and state politics are more greedy and corrupt, as if they'll undercut the blackmarket or even understand it for that fact.
Source: Forbes - 🏆 394. / 53 Read more »