California has generated a record $3.1 billion in licensed cannabis sales this year, solidifying its status as the largest legal marijuana market in the world.
An approximate $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the Bud sales-tracking firm BDS Analytics.
California’s black market for marijuana continues to flourish as high taxes and a refusal by most cities to allow licensed shops makes it cheaper and easier for people to buy from illicit dealers. An estimated $8.7 billion is expected to be spent in the illegal cannabis market in 2019 — more than double the amount of legal sales. Go figure.
The size of the black market continues to baffle many supporters of Proposition 64, the statewide initiative approved by voters in 2016 to legalize growing and selling cannabis for recreational use.
More than 20 years after California became the first state to legalize the sale of medical marijuana, it will take several more years more to move many longtime growers and sellers into a complicated licensing system with extraordinary high taxes on your buds. The huge levels of taxation and regulatory woes that add 77% to the cost of a gram in the legal market versus what it costs on the open black market. Hum…. decisions, decisions.
Just in Los Angeles, it’s 10 to 1 when it comes to illegal operators versus legal ones. Are we surprised?
California remains easily the biggest government-sanctioned market in the nation; $1.6 billion in legal sales projected.
California can now legally grow up to six marijuana plants at home, including all of the harvest from those plants.
Every adult Californian can now legally grow marijuana. Based on California’s history, this is likely an event that was destined to occur.
Here’s are some rules you should know:
· The minimum age is 21
· Possess no more than 6 plants at a time
· Grow only where you live, where it cannot be seen
· Carry no more than 28.5 grams
· Cities can prohibit outdoor growing, but not indoor growing
· If you run into trouble with the law, get a cannabis lawyer, we have plenty
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