One of the Canadian governments main goals with the legalization of cannabis is to snuff out the illegal black market. See, the black market poses danger to the public. Recently published research, funded by Michael G. De Groote Centre for Medicinal Cannabis Research and the Peter Boris Centre for Addictions Research, set out to uncover how easily a legal cannabis market can capture illicit buyers. The study sampled 289 adult cannabis users in Ontario, and the unbiased study showed that legal cannabis can be used as an asymmetrical substitute for illegal cannabis, but only if it is presented at a comparable price.
The researchers believe that the legal market will surely disrupt black market cannabis purchases. It is important to note the second point in their research: this substitutability data is mute if the legal pricing is astoundingly higher than the current black market. Therefore, if the government truly wants to remove cannabis from the black market, they will need to ensure taxes and regulatory nuisances stay at a minimum in order to ensure that the market value per gram doesn’t skyrocket in the first months of legalization.Posted: Friday, September 21st, 10:00am 3 months ago
Cara Wietstock is a native Californian living in Washington state with almost a decade of budtender experience and even more stoner experience. While she's not pontificating on the current state of cannabis for Roottie, she is practicing yoga, sipping CBD infused teas and hiking through the Pacific Northwest.