California legalized weed five years ago. Why is the illicit market still thriving?
Despite appearances, the state’s cannabis industry is in disarray as legal businesses struggle to make a profit
The Guardian (UK)
Tuesday, November 2, 2021
Tuesday, November 2, 2021
Five years after cannabis legalization, California is awash with signs of an apparently booming industry. Californians can toke on Justin Bieber-branded joints and ash their blunts in Seth Rogen’s $95 ceramics. They can sip on THC-infused seltzers, relax inside a cannabis cafe, and get edibles delivered to their doors. But behind the flashy facade, the legal weed industry remains far from the law-abiding, prosperous sector many had hoped for. In fact, it’s a mess. Voters passed a law in November 2016 making recreational marijuana legal. But today, the vast majority of the market remains underground – about 80-90% of it, according to experts. (See also: ‘A farce of social equity’: California is failing its Black cannabis businesses)
