#untaxed

2018 pot sales                                              2019 predicted pot sales

Why most Mass. marijuana sales are on the black market, two years after legalization

Some 75 percent of the pot sold in the state (of MA.) this year will be under the table. The major impediment has been the achingly slow rollout of licensed pot shops, and at the current rate it could take another three years or more before enough stores are open to make an appreciable dent in the black market.

“By some estimates, 80 percent of pot sales in California are done in the shadows, a year after going fully legal. States that have had a regulated recreational market operating longer — Colorado, Washington, and Oregon — have been more successful getting cannabis consumers to buy legal.”

“They are unlikely to buy legal, he said, until licensed stores are competitive with dealers on price, quality, selection, and convenience.” + “Prices fell dramatically in Oregon, to an average of $5 per gram, or sometimes as low as $100 per ounce — about one-third of current prices in Massachusetts . .. . .. estimated that in 2018, one-third of pot sales in Colorado, and 39 percent in Washington, occurred in the black market, compared to 48 percent in Oregon, and 82 percent in California. In Massachusetts, meanwhile, BDS predicts that in 2019, the black market share of pot sales will fall slightly, to 76 percent, from 90 percent last year.” + + “But the legal market likely won’t make inroads until there are at least 50 shops open, Livingston said, and probably not in a major way until there are 100 to 150, and prices fall noticeably. At the current rate of store openings, that could take three years.”

READ MORE https://www.bostonglobe.com/news/marijuana/2019/02/02/illicit-pot-market-remains-stubbornly-robust/Fqq5baxLvgkrTB1ABJRbEL/story.html?s_campaign=bdc:globewell:trending&s_campaign=bdc:globewell:trending#comments

instant decriminalization + delayed legalization = compromised gratification

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