3 ms·
What sort of black markets currently exist to evade taxation for consumer goods currently, that threaten the existence of that legalized and taxed industry? The
by beager 9y ago
What sort of black markets currently exist to evade taxation for consumer goods currently, that threaten the existence of that legalized and taxed industry? The only thing I can think of is cigarettes, and even then, the taxation is extremely high and the legal market is still very strong. I don't think that high taxation is going to derail a legal market, but I'm willing to be proven wrong.
- oxide 9y agosorry, I didn't mean to imply it would derail or threaten the existence of it. Like I said, money is going to be made by the state hand over fist just from tourism. But for your regular person who's made due without a legal marijuana distribution network isn't going to start paying a premium on the regular for the privilege of retail. It's mostly a novelty, IMO, and may increase graymarket demand for untaxed marijuana for everyone BUT the people looking to do some weed tourism, etc.
- will_hughes 9y ago> What sort of black markets currently exist to evade taxation for consumer goods currently I don't know about the US, but in Australia where cigarettes are heavily taxed (one packet of cigarettes can go for AUD$30) there's a small but pretty active market for imported untaxed cigarettes.