High Cannabis Taxes Keep Black Market Alive in California

Two years ago, California voters overwhelmingly approved Proposition 64, which legalized adult cannabis use. Fast forward two years later, and the illicit market is “getting worse, not better.” The legal cannabis market has yet to achieve its desired impact for a number of reasons. More than three-quarters of California’s city and county governments still ban the sale of cannabis within their jurisdictions. Another is based on simple economics that falls on the entire state of…


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