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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The city that never sleeps has always had a strong illicit cannabis market and adult-use legalization is unlikely to stub it out anytime soon.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Would be great if it reforms the Scaffold Law:

Because local and state politics are more greedy and corrupt, as if they'll undercut the blackmarket or even understand it for that fact.

Ok. it also means some strange dude doesn’t have to come to your apt. With a backpack either.

People need a little more good news now.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines