How red tape and black market weed are buzzkills for California's legal marijuana industry

submitted by HeyImSancho from (self.SundogsPlace)

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[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I think that article said do to the rampant regulation, that the black market as grown 3 fold. The licensed weed has a huge surplus, and cannot legally be sold outside of Cali.; so legal producers aren't making any profit.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Alright I read the thing.. yeah they report a 3x increase in the black market. It sounds like it's a direct consequence of the surplus. I think this is just the market settling out. Everyone got in on the gold rush, which works out great for me, but not so much for every grower. Still, I have a hard time looking at any of this as a bad thing. I'm sure my city is loving their 10%+ tax revenues and there's a store popping up on every block, providing employment, and the stores aren't even corporate conglomerates just yet.

And the cop said no jury is going to convict for illegal growing.