Is Legal Marijuana More Difficult to Sell?
One of the problems with legal marijuana is it is more expensive than marijuana sold on the black market. Retailers in Colorado and Washington have complained that high taxes on legal marijuana still make black market marijuana appealing to many buyers.
Even though Washington’s marijuana market opened last summer, many stores closed because there wasn’t enough pot to sell and pot itself was more expensive than ever. Now that a new harvest of marijuana is making the legal crops more accessible to retailers, there have been additional problems with the legal pot industry.
In an unexpected twist, growers are having a hard time selling their crops. Many who entered the industry are now considering backing out because of the low rate of sales on the legal market. According to reports, licensed growers had harvested 31,000 pounds of marijuana, but the pot shops have only been able to sell less than 20 percent of those crops. State users have stuck with buying on the black market or purchasing as medical users to avoid the significant taxes associated with recreational use marijuana. This means that the product is moving at a glacial pace off the shelves–if at all.
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