The legal marijuana market was expected to be a multibillion dollar market yielding large tax revenues for the states. But the expected economic benefits for the states has not always happened. A good example of how not to benefit economically from legal weed is by levying too much tax of legal cannabis. In some states where recreational marijuana is legal, the price of illegal product can be as little as half the price of the legal product. For many, that tips the scale in favor of buying illegal weed.
For other consumers, it is worth the extra money to ensure they are buying quality, unadulterated product. Not only do many consumers want to operate within the law, there is also the real risk of buying cannabis that has been spiked with dangerous chemicals including deadly fentanyl.
Also, when buying legal medical or recreational cannabis the risk of contamination with pesticides is less since illegal growers operate off the grid unencumbered by any regulations.
So, our vote is in favor of staying within the law. Spend the extra money on the legal stuff. You’ll help your state and avoid the risk of dangerous adulterated or contaminated product.
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