In what is an absolute lack of surprise to anyone who’s thought about the issue, the severe regulations imposed by the state of California on legal marijuana shops means the majority of marijuana sales take place in the black market.
After five years of legal recreational marijuana, sales in the illegal market are estimated to be twice the volume in legal stores.
This is the 32nd article I have written covering the legalized recreational marijuana market. You can see my other articles by clicking on the regulation experiment tag.
Politico explains on 10/23/21: California’s legal weed industry can’t compete with illicit market.
One way to measure how severely the legal marijuana business has been restricted is to look at the number of licensed marijuana shops per 100,000 residents. For six Western states that allow recreational sales, here is the number of legal dispensaries per 100,000 people:
Continue reading “Guess what? Harsh regulations have throttled the legal marijuana market in California. Surprise! – #32”