3 ms·
"You see it in marijuana legalization, where some state’s are so restrictive about licensing sakes outlets that legal weed costs more than illegal. How can that
by pasttense01 6y ago
"You see it in marijuana legalization, where some state’s are so restrictive about licensing sakes outlets that legal weed costs more than illegal. How can that kill off a dangerous black market?"
Look at consumer products: generics or store brands are available for all kinds of products yet the substantial majority of sales are for branded products. And here the generics/stores brands are fairly similar to the branded products. But in the illegal drug market you have little idea of the quality of that product--so consumers will pay substantially more for products where they know exactly what they are getting [in this case the legal products].