The Marijuana Black Market Will Continue to Thrive in California, Thanks to Tax Increases


As we’ve said before, one would think that if there was anything California might get right policy wise it would be marijuana. But no. The revenue temptation is just too great for politicians.

(From Reason)

Meanwhile experts estimate that black market marijuana vendors will bring in $8.7 billion in revenue in 2019, compared to $3 billion from legal sales. The state has had to adjust revenue projections downward because it failed to predict how the high costs it was imposing would keep consumers away from legal weed.

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