“Imposing excessive taxes on legal cannabis strengthens illicit markets while weakening legal ones.”
Tag: illicit market
Investigators concluded, “Canada’s legal cannabis market has displaced approximately three-quarters of domestic expenditures on the illegal cannabis market four years after federal legalization of non-medical cannabis.”
“Implementation was followed by an immediate reduction and sustained declining trend in the illegal cannabis market.”
“These data indicate that the legal, regulated cannabis market is displacing the underground marketplace. Over time, consumers are becoming more comfortable with and more reliant upon licensed retailers – who typically offer greater convenience, product quality, and safety.”