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"Cannabis is a good proxy, states can keep it illegal and not make tax revenue or they can legalize it, control it and tax it." That should be a great proxy, b
by hncurious 5y ago
"Cannabis is a good proxy, states can keep it illegal and not make tax revenue or they can legalize it, control it and tax it."
That should be a great proxy, but regulators have so overburdened legal dispensaries that they need to be bailed out. Illegal sources could have been easily been made extinct or at least sidelined, but are still able to thrive because the overhead to get a license and stay licensed is so immense.
https://www.latimes.com/california/story/2021-06-14/california-struggling-marijuana-industry-cash-grants-budget https://www.latimes.com/california/story/2021-06-14/californ...
- dmix 5y agoHere in Canada there's a ton of shops that look like normal dispensaries but are just unlicensed ones. Their product selection is usually way better and includes co2 extracted vape products (which last I checked weren't legally available yet and IMO the future of weed consumption) and candy/drinks/etc. They also have better websites which cheap same-day delivery, usually within a few hours. The municipal governments try to shut them down with daily fines but they either eat the cost because it's so lucrative or shut down temporarily and pop up somewhere else. At least one shop had large bricks put in front of them at multiple locations and they just put someone outside with a square tablet and sold it there. https://globalnews.ca/news/5369230/cement-blocks-illegal-marijuana-dispensaries/ https://globalnews.ca/news/5369230/cement-blocks-illegal-mar... I highly doubt the underground/grey markets will go away.