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Tag: illicit market

  • What To Call The Illegal Marijuana Market

    What To Call The Illegal Marijuana Market

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    A grey market or parallel market is the trade of a commodity through distribution channels not authorized by the original manufacturer or trade mark proprietor. Grey market products (grey goods) are products traded outside the authorized channel. The phrases and process helps make it appear more legal than the black market.

    In talking with industry notables, there is definitely a push from a minority to slow roll legalization and reframe the black market as a “perfectly ok” option to the average consumer.  Both New York and California have huge black or illegal markets.  New York’s botched rollout of licenses has made a legal market of about 85 dispensaries and over 2,000 unlicensed ones selling both legal and illicit products to the public.  California crushing taxes and non existent enforcement has allowed unauthorized grows to florish.  The rumor is these grows have quiet sold to legal producers to make products to help battle the costs.

    RELATED: How To Be Discreet When Using Weed

    Most traditional media, data analysts and legitimated investors and executives refer to it as the black market. Having a thriving black market hurts both the legalization process and legal businesses. Colorado and Maine are two examples of states who have done a great job to shrink the illicit market. While immediate short term there could be profits, in the long term, it chokes the growth and mainstreaming of cannabis for both recreational and medical use.

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    Terry Hacienda

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  • Do You Know Where Your Weed Comes From

    Do You Know Where Your Weed Comes From

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    You trust your local dispensary or your “guy” – but do you know  about the marijuana?

    Legalization continues to march across the US.  Currently, over 50% of citizens have access to approved recreational marijuana and more for medical marijuana.  Even in Florida, the DeSantis nanny state, citizens are balking at his cannabis restrictions with over 70% supporting the industry being expanded and available to more people. But do you know where your weed comes from?

    A key consumer benefit from federal legalization is the tracking and security of weed and products.  Like canned tuna, In-N-Out Burgers, and Stoli Vodka, consumers will not have a worry about how their weed was grown and what was in it – and who is behind it.

    RELATED: California or New York, Which Has The Biggest Marijuana Mess

    Two big concerns now is the unlicensed dispensaries in NYC and China’s muscling into the US black market. Both are reasons to be careful if you aren’t buying from a legal dispensary.

    Photo by Riccardo Livorni/EyeEm/Getty Images

    Mexican cartels have long been the villain of the US drug trade, but with consumer spending soaring, Chinese investors have become the funder and producer of the illegal marijuana production.

    From interviews with state law enforcement officials, experts on the international drug trade, economists and lawmakers it seems the number of farms funded by sources traceable back to Chinese investors or owners has skyrocketed. Chinese owners and workers have become a larger presence at illegal grows in Oklahoma, California and Oregon

    In Oklahoma, over 40% of licensed marijuana farms have been flagged for suspicious activity by law enforcement over the last year. They. are now being investigated for obtaining their licenses fraudulently and/or for selling into the illicit market, according to Mark Woodward, spokesperson for the Oklahoma Bureau of Narcotics.

    RELATED: 8 Ways to Enjoy Marijuana Without Smoking It

    The major issue is New York City’s unlicensed dispensaries.  The NY market is significant and retailers are thought to have almost $500 million in products which are being flipped.  It is believed many of these products have fake labeling claiming what is in the product OR are real products illegally shipped from California or other states.

    California Governor Gavin Newsom, with an eye on the national stage, has signed a series of laws with the hope of cleaning up some of the state’s mess around the cannabis market.  The primary issues is over taxation and zero enforcement of illicit grows.  Legal organization have suffered as the states asks for more and more and the black market has boomed.

    Do you know where your weed comes from – is it safe, does it support small business and it is the dosage it claims?

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    Terry Hacienda

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