Illegal Marijuana Black Market Not Going Anywhere-Canada

  • By Trevor
  • October 10, 2017
  • Comments Off on Illegal Marijuana Black Market Not Going Anywhere-Canada

As we tick closer to decriminalization of smoking pot, many wonder what will be left of the illegal marijuana market. Though recreational weed is currently outlawed in Canada, it’s very rare that one will get arrested for smoking pot, or having small quantities of it. Law enforcement is currently more fretful about the growers and the sellers, rather than the smokers. As a result, the advent of legal recreational pot will really just mean more suppliers in the trade.

Folks, if you think the marijuana black market is going away, think again. As we speak rumors of the recreational prices when decriminalization kicks in, are starting to surface. If the grapevine is precise, it seems as if the government is going to align its prices with the current black market ones. Ceteris Paribus (all other things equal), this should mean that the new marijuana laws are simply going to increase the supply of marijuana, with very petit corresponding demand for pot. One doesn’t have to be an economist to see the coming correlation .As the marijuana markets get flooded with excess supplies, price will have to drop. It’s going to be much more economical for the sellers in the black market to drop prices, as they have very minimal costs. Highest cost in the illegal marijuana business is probably the risk of being busted and the lights off cause, if grown indoors. Registered marijuana growers and suppliers will be subject to set up costs and tax payments , unlike the counterparts in the black market.

Prices will be forced down, but legal businesses can only drop price to a certain level. With such a correlation inevitable, it’s only then obvious that the black market still has some years of existence.  Those that have been smoking weed for a while will probably stick to the black market and the new suppliers will probably attract new marijuana smokers, with no access to an illegal dealer. Today a gram of weed will run you about $10 in Canada, but soon that price could be cut to half.

So as Canadians countdown to decriminalization, be prepared to get high at half the price.  Remember, legalization is just around the corner and is as sure as death. Keep the bongs loaded and the joints burning folks.

Categories: Marijuana News

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