Will High Marijuana Taxes in California Keep the Black Market Alive?

Back in November, I wrote a story speculating on just how high cannabis taxes would be in California and what kind of effect that would have on the legal industry. Since retail sales began earlier this month, we are starting to get reports on social media on just how much the various taxes on recreational marijuana are affecting the price. While some are fine with higher prices and are just happy for the opportunity to buy cannabis legally without a medical recommendation and others balk at the excessive cost, the overall effect of high taxes will be a suppression...

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