Article: Marijuana Taxes Keep Black Markets Thriving
Article: Marijuana Taxes Keep Black Markets Thriving
Twenty‐one states have legalized some amount of marijuana for recreational use, and sixteen more allow marijuana for medical use. Critics claim black markets remain despite legalization. This is true — because legalization has been accompanied by excessive taxation and regulation. California’s legal marijuana industry, for example, has a tough time competing with the black market. The state’s illegal sales […]
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