Will California’s Legal Marijuana Cost More Than Black-Market Weed?
California is closer than ever to finalizing legalized recreational cannabis. But growers, dispensary owners and consumers alike might discover that legal weed comes with a hefty price–literally. With the prospect of legalized recreational pot looming, experts are wondering: Will legal cannabis in California cost more than black-market weed?
CANNABIS IN CALIFORNIA
The history of lawful cannabis in the state of California is a long one. In 1996, residents voted in favor of Proposition 215, also known as the Compassionate Use Act of 1996. When Proposition 215 was passed and enacted, California became the first state in the nation to have legal medical marijuana. This one act set a precedent throughout the rest of the country.
Ever since the Compassionate Use Act passed, the Golden State’s medical marijuana program grew and evolved. Today, California is widely known for having lax and flexible requirements for a patient to qualify for a medical card. However, because cannabis remains illegal on a federal level, a black market for it exists and thrives nearly everywhere.
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