The over-supply in the legal market, is actually increasing the “black” market in many areas where growing is legal. And prices in the legal market have dropped greatly. The illegal VAPING stuff is what’s causing the health crisis, adulterating products, or producing counterfeit crap from the beginning.
Growing your own for medicine hits the market, a little, but guarantees you know what plant material you,re vaping or smoking. But the medical market isn’t the big money. Don’t care to use the oils in a pen, but many people doing edibles are satisfied, and they can’t hurt your lungs, but counterfeit is still a proble.
I know that in Oregon where both forms of Cannabis are now legal, there’s a large oversupply of weed that’s been legally grown. The Oregon regulators are considering how to cope with this, since it appears that quite a bit of that oversupply is entering the black market, not necessarily in the state of Oregon (exporting legally grown weed is illegal). Meanwhile there are several unintended consequences at play:
Legal weed is expensive: Not just because there’s a fairly steep tax, but because there are actual business expenses to deal with: Rent being one, and converting all that cash (weed’s still illegal at the federal level, and banks aren’t allowed to process illegal credit card transactions…) to bank accounts is another.
So, illegal weed still has a significant fraction of the market. But: You can no longer be busted for mere possession, so it’s harder than ever to track down illegal suppliers.
And growing hemp is legal, so CBD which doesn’t get you high, but does (anecdotally) help with all kinds of aches, pains and even psychological issues is relatively inexpensive to make (Grow hemp, harvest it, distill it, bottle the results). CBD isn’t regulated by the FDA. Oregon towns now mostly have more CBD dispensaries than bars. And gas stations. There’s one on every corner, almost.
I can’t cite my source, maybe the Denver Post, that as of about a year ago there had not been one arrest at the Denver AirPort for the attempt to smuggle marijuana. I have friends that have brought back edibles.
It looks like the early legalization states like CO set the taxes and entry requirements so high that they are actually encouraging the illegal market.
lobo1939 over 4 years ago
No comprendo
Dtroutma over 4 years ago
The over-supply in the legal market, is actually increasing the “black” market in many areas where growing is legal. And prices in the legal market have dropped greatly. The illegal VAPING stuff is what’s causing the health crisis, adulterating products, or producing counterfeit crap from the beginning.
Growing your own for medicine hits the market, a little, but guarantees you know what plant material you,re vaping or smoking. But the medical market isn’t the big money. Don’t care to use the oils in a pen, but many people doing edibles are satisfied, and they can’t hurt your lungs, but counterfeit is still a proble.
DIF20 over 4 years ago
???
lobo1939 over 4 years ago
OK thnks. Son lives in western Colorado tells me that so many people grow their own that marijuana is given away like tomatoes and zuchinni.
Concretionist over 4 years ago
I know that in Oregon where both forms of Cannabis are now legal, there’s a large oversupply of weed that’s been legally grown. The Oregon regulators are considering how to cope with this, since it appears that quite a bit of that oversupply is entering the black market, not necessarily in the state of Oregon (exporting legally grown weed is illegal). Meanwhile there are several unintended consequences at play:
Legal weed is expensive: Not just because there’s a fairly steep tax, but because there are actual business expenses to deal with: Rent being one, and converting all that cash (weed’s still illegal at the federal level, and banks aren’t allowed to process illegal credit card transactions…) to bank accounts is another.
So, illegal weed still has a significant fraction of the market. But: You can no longer be busted for mere possession, so it’s harder than ever to track down illegal suppliers.
And growing hemp is legal, so CBD which doesn’t get you high, but does (anecdotally) help with all kinds of aches, pains and even psychological issues is relatively inexpensive to make (Grow hemp, harvest it, distill it, bottle the results). CBD isn’t regulated by the FDA. Oregon towns now mostly have more CBD dispensaries than bars. And gas stations. There’s one on every corner, almost.
Radish the wordsmith over 4 years ago
According to the Willamette Week, the state of Oregon grew over 1.3 million pounds of marijuana last year that no one purchased.
Daeder over 4 years ago
Yes. That’s the point of making drugs legal, to take money away from the black market and smugglers.
lobo1939 over 4 years ago
I can’t cite my source, maybe the Denver Post, that as of about a year ago there had not been one arrest at the Denver AirPort for the attempt to smuggle marijuana. I have friends that have brought back edibles.
Andylit Premium Member over 4 years ago
It looks like the early legalization states like CO set the taxes and entry requirements so high that they are actually encouraging the illegal market.