Illegal cannabis getting even cheaper, as legal gets costlier, StatsCan says Social Sharing

VIANARCHRIS

VIANARCHRIS

Well-Known Member
I was talking with the dispensary owner yesterday about this story. He say's he's embarrassed to be charging $35 1/8th but has no choice with overhead, but he laughs at what government retail is wanting for inferior product. I picked up 5g of locally made black hash for $50...very impressed. A pipe full at 4 am was a great start to my day!
 
C

chadfly111

Well-Known Member
i used to supplement my income by selling a few ounces a month,i am now finding it hard to make ends meet...
 
G

gb123

Well-Known Member
Many saw legalization of marijuana as a huge economic opportunity, but the reality is its potential isn’t fully realized. An underground economy is cutting into the profits of legal businesses. New Frontier Data, a Denver-based company that studies cannabis trends, estimates there are $70 billion in illegal sales nationally — seven times the size of the legal market. This means the legal market is “capturing only a fraction of total demand,” the company said in a summary of U.S. cannabis demand trends released this month.

In California, early projections anticipated annual cannabis tax receipts of more than $1 billion by 2018. But those predictions were far off, with $345 million actually collected last year, according to the state’s legislative analyst’s office and tax records. The black market is widely cited as a major reason for the lower numbers.
https://www.cnbc.com/video/2019/07/12/black-market-for-weed-shows-the-huge-threat-to-legal-businesses.html

8-):bigjoint:(::idea::hump: the way it should be
 
G

gb123

Well-Known Member
Cannabis investors banking on profitability in the second half of the year may have another thing coming: More losses at best, and maybe a surprise stack of writedowns.
THEY"RE BLEEDing and ITS AWESOME TO SEE.:mrgreen:
LOSE time :bigjoint:
 
You must log in or register to reply here.
Top