No shit

State and local taxes on marijuana could surpass 45% in some parts of California, jeopardizing efforts to bring all growers and sellers into a state-licensed market in January, according to the global credit ratings firm Fitch Ratings.

“High tax rates raise prices in legal markets, reinforcing the price advantage of black markets,” the firm said in a report Monday. “California’s black markets for cannabis were well established long before its voters legalized cannabis in November 2016 and are expected to dominate post-legalization production.”

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If it’s taxed or illegal, no matter what it is, there’s always going to be a black market for it.

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8 Responses to No shit

  1. Genericviews says:

    You just hate it because it’s “black”.

    Or, as I like to call it, the free market.

  2. pdwalker says:

    It’s as inevitable as greedy, corrupt politicians.

  3. Leonard Jones says:

    The best example of this is in New York City. If you want to buy a freaking pack
    of Marlboro’s you are talking close to $15.00 between state and city taxes. My
    home state of Mexifornia is a close second. In both states people are running
    thriving black market businesses in both states. Cheap smokes are just a
    state border or an Indian reservation away.

    We tried this with booze back in the 20s with the same predictable results. The
    same thing happened when the government banned high flow shitters. Canada
    became the number one exporter of shit pots to America because people are
    not idiots. If you have to flush 3 times to get the same turd down the toilet,
    they knew they were wasting even more water!

    For at least a few years, black market CFC sales from Mexico actually exceeded
    that of pot! My solution is simple. Instead of flushing turds down the shitter, we
    doing the same to liberal Democrat politicians who do not understand that
    economics is a mutidemensional complex dynamic.

    • truthzzzz says:

      Yup. Aand that large overweight male got kilt by the PO-Lease when he was selling onesies cigarettes on the street in NYC near a high taxed retail outfit where they only sold cigs by the pack.
      Taxation is dangerous and can be deadly.

  4. John Deaux says:

    Like I’ve said before, legalize it and allow private cultivation for private use. Done, no government sales or taxes. Get the fuck out of our private lives.

  5. Westcoaster says:

    They’ll tax the shit out of it and in so doing will create a black market. Fucking authoritarians.

  6. Chet says:

    I read today that 70% of the retail price of legal pot in Washington State is taxes.

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