black-market marijuana Archives - Cannabis Business Executive

California legalized marijuana 2 years ago. So why is the state seizing so much of it?

California voters made marijuana legal to purchase and consume, but that hasn’t stopped state and local law enforcement from seizing tons of it from black market growers and retailers. By the end of 2019, agents at the California Bureau of…

Hawaiʻi’s Medical Marijuana Oligopoly

October 4, 2019
AggregatedNews
Hawaii
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It seems crazy that though Hawaiʻi has legalized medical marijuana, many patients still buy from the black market because it’s easier, cheaper and there’s more variety. The state government opted for a tightly controlled, vertically integrated industry of eight companies.…

California’s cannabis black market has eclipsed its legal one

September 20, 2019
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California
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Although marijuana has been legal in California for nearly two years, black market weed is still a booming business in the state. Illegal sellers outnumber legal and regulated businesses almost 3-to-1, according to a startling analysis of California cannabis sellers…

Canadians continue to buy cannabis illegally

August 20, 2019
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Canada
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Nearly half of Canadian cannabis consumers purchase their weed illegally, reveals Statistics Canada’s National Cannabis Survey released Thursday (Aug. 15). Ten months after the country legalized recreational marijuana, 42% of those who partake admitted to buying at least some of their…

California has the biggest legal marijuana market in the world, despite black market

California is on track to post a record $3.1 billion in licensed cannabis sales this year, solidifying its status as the largest legal marijuana market in the world, according to a study released Thursday by financial analysts who advise the…

Marijuana industry wants L.A. to crack down on illegal pot shops

The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight. Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing.…

Michigan’s unlicensed pot dispensaries to get firm closure deadline

Lawmakers will try to shutter unlicensed medical marijuana providers once and for all, as of June 1, under a bill now on a fast track in the Legislature. Earlier efforts to shut down providers who have not yet obtained licenses…

Why marijuana sales on the black market are blooming in Michigan after legalization

February 27, 2019
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Michigan
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Working as a cashier at a dead-end job, Jordan D. saw an opportunity to make piles of quick cash after recreational marijuana was legalized in December. The 25-year-old cobbled together enough money for a few ounces of top-shelf cannabis and…

California’s retail marijuana industry is struggling. Will tax breaks and banks help?

Unfriendly banks, high taxes and black-market competitors are some of the obstacles that licensed cannabis companies say hold them back as they try to cultivate a new industry in California. Some California lawmakers want to give them a hand, and…

Now for the Hard Part: Getting Californians to Buy Legal Weed

A billion dollars of tax revenue, the taming of the black market, the convenience of retail cannabis stores throughout the state — these were some of the promises made by proponents of marijuana legalization in California. One year after the…

Canada Runs Low on Legal Marijuana Just Weeks After Its Approval

November 8, 2018
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Canada
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Canada is running low on legal pot three weeks after the government approved the use of recreational marijuana, a shortage that is sending some frustrated consumers back to the black market. At least three provinces — Ontario, Quebec and New Brunswick…

Oregon To Contribute $1.5 Million A Year To Local Law Enforcement To Cut Down Black Market Cannabis

Oregon legislators want to bust the state’s marijuana black market by giving money to counties with big illegal pot production and little law enforcement. In the recently ended legislative session, state lawmakers approved a bill that will dedicate $1.5 million…

StatsCanada Survey Finds Canadians Pay An Average Of Under $7 Per Gram Of Cannabis

February 8, 2018
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Canada
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Canadians pay an average of less than $7 a gram for pot, according to Statistics Canada data collected through a crowdsourcing pilot project. More than 15,000 Canadians have participated in StatsCan's online survey since Jan. 25, exceeding expectations of 1,000 to 2,000…

As Canada’s Marijuana Black Market Persists, Are They Ready for Legal Cannabis?

August 24, 2017
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Canada
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MONTREAL — Black-market marijuana has been very good for Michael. For 22 years, he has grown and sold the stuff in and around Montreal. An illegal activity punishable by up to life in prison, selling the pungent bounty that he…

Colorado Looks to Crack Down on Co-Op Pot Growing

DENVER — Colorado may ban collective marijuana growing under a bill that calls some patient-owned marijuana grows a “public nuisance.” A bill up for its first hearing in a House committee Monday would ban co-op pot growing by setting a…