Legal Cannabis Market Thriving as Illegal Market Begins to Disappear

Drug Cartels Fade Away as Regulated Cannabis Expands

It is time to start saying goodbye to the illegal cannabis market. Legal cannabis entrepreneurs are beginning to win the battle against drug cartels and other forms of unregulated sales. 2020’s COVID-19 outbreak leads many cannabis consumers to transition from purchasing from the illegal markets to legal purchasing methods to ensure safe and quality products.

For years now, black market cannabis sellers have been undercutting prices and taking away from the profits of the legal markets across the world.

A study has found that COVID-19 had an important impact on people choosing to stay away from the unregulated market. According to the Congressional Research Service, the legal market is taking away from cartels south of the border.

The legal cannabis market is serving the United States with safer, more regulated cannabis. It impacts positive changes by taking away from these cartels and their history of business within the country and the negative impacts of these dangerous practices.

Coronavirus Has Reduced Illegal Activity

Without a doubt, the virus caused a spike in cannabis consumption. In Denver, Colorado on March 23, 2020, cannabis sales were up 392 percent over the same weekday before the stay-at-home order was put into place.

Record numbers are continuously released for the growth of medical cannabis. Recreational sales are hitting all-time highs. Smart cannabis business owners have worked to make purchases easy and quickly such as online ordering and longer dispensary hours.

To the average cannabis consumer, the benefits of dispensary purchases outweigh any benefits that could come from purchasing illegally. After the crazy year that was 2020, cannabis consumers are looking for high-quality, well-regulated products that can be purchased with convenience and ease.

The Issue in California

Nowhere is the underground cannabis market is more of an issue than it is in California. The illegal cannabis market continues to find success in California due to the draw of cheaper prices. During a pandemic, this may have been the choice of regular consumers when forced to cut back on finances.

Legal cannabis products cost an estimated 40 to 50 percent more than unregulated competitors. Efforts to set up enforcement actions and education for regulated vs. unregulated have essentially been put on hold due to budget constraints.

California’s legal market is outweighing the illegal market. It is an ongoing battle but one that is sure to be won by the regulated market. People are looking for trustworthy brands and dispensaries that will be able to deliver cutting-edge effects.

Positive Effects From The Legal Weed Market

Cannabis remains illegal on the federal level. It is considered a Scheduled I drug which would be on par with cocaine and heroin. Results from the Congressional Research Service show just how much legal cannabis has helped the battle against the purchase of illegal weed.

For states that have legalized medical and recreational marijuana, there is an undeniable “continued decline” in the U.S. demand for illegal cannabis.

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