Illegal Cannabis Market in California
Despite the legalization of recreational marijuana in many states, illegal pot businesses continue to thrive, with California's black market overshadowing the legal market. High taxes, lack of access to capital, and limited licensing contribute to the persistence of illegal cannabis sales. Law enforcement agencies struggle to combat unlicensed operations, and the black market remains competitive due to lower prices and strategic adjustments in response to legal market dynamics.
Key Points
- High taxes, start-up costs, and limited access to capital hinder licensed cannabis businesses.
- Law enforcement agencies face challenges in cracking down on unlicensed cannabis operations.
- California's black market thrives due to lower prices and strategic adjustments in response to legal market dynamics.