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2019

Dissertations and Theses

Black market

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Effects Of Regulation Intensity On Marijuana Black Market After Legalization, Sikang Song Jul 2019

Effects Of Regulation Intensity On Marijuana Black Market After Legalization, Sikang Song

Dissertations and Theses

Since 2012, many states and Canada have legalized the use and sale of recreational marijuana. One of the expected benefits of the legalization is that the establishment of a legal cannabis market would eliminate the black market which has been the main form of marijuana trade for decades. Even though legal options are available for marijuana producers and consumers, the black market is still thriving in states where recreational marijuana has been legalized. The reasons behind the persistence of the marijuana black market are complex. One of the main arguments is that the legalized states have failed to establish a …