I'm a business reporter--I'm wondering what we know about the role of black market/illegally produced-and-distributed marijuana in the new legal marijuana states? Prices are presumably higher in licensed stores than 'on the street'; that's partly taxes, partly overhead, partly quality/transparency of contents and qualities. And, the premium customers are willing to pay for a legal product. Is legal marijuana squeezing illegal growers, cartel and indie distributors/dealers, etc.?
mhartmanMarketplace11 karma
I'm a business reporter--I'm wondering what we know about the role of black market/illegally produced-and-distributed marijuana in the new legal marijuana states? Prices are presumably higher in licensed stores than 'on the street'; that's partly taxes, partly overhead, partly quality/transparency of contents and qualities. And, the premium customers are willing to pay for a legal product. Is legal marijuana squeezing illegal growers, cartel and indie distributors/dealers, etc.?
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