It’s been a year since the California State Legislature passed the legislation legalizing recreational cannabis, however the black market is still more tempting to the everyday user than the legal one.
Around this time last year, residents of California were celebrating legalization of recreational cannabis by lighting up on the streets.
The regulators in California made sure that all those growing illegal cannabis had time and incentives in order to move into the legal system.
Processors and retailers were given time to move towards legally produced cannabis by summer and at one point a huge glut of cheap illegal cannabis was sold for $1 per gram.
You could literally buy an ounce of “legal weed” for 30 dollars because retailers were trying to sell as much as they could, otherwise they’d have to dump all the stuff they had in stock in just a few days.
The combination of those things led to the unexpectedly low numbers in the financial department, and the legislators in California need to do something about it as soon as possible.