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Illicit cannabis markets thrive under prohibition and overregulation

Jeremy Vedder by Jeremy Vedder
June 2, 2022
in News
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Nevada Cannabis Consumption Lounges Could Go Live By End Of 2022

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The illicit cannabis market will persist in states that are slow to legalize or have burdened the lawful industry with overregulation, attendees at a cannabis industry convention in New York heard on Thursday.

During a series of panel discussions and presentations at the first day of the Cannabis World Congress & Business Exposition, speakers outlined the obstacles the cannabis industry faces as it competes for market share with the illicit market, also known as the legacy market. Chris Beals, CEO of cannabis technology platform Weedmaps, said the outsized illicit market in states with legalized cannabis, such as California, was due to…

To Read The Rest Of This Article By Sam Reisman on Law360

Published: June 02, 2022

Founder & Interim Editor of L.A. Cannabis News

[Original Source]

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  • Nevada Cannabis Consumption Lounges Could Go Live By End Of 2022
  • Jushi Holdings Expands Product Line With New Hydrocarbon-Extracted Concentrates
  • Jushi Holdings Inc. Debuts Line of Concentrate Products Using Hydrocarbon Extraction Diversifying its Offering of The Lab™ Vape and Concentrate Products :: Jushi Holdings Inc. (JUSH)
  • MariMed to Launch Top-Selling Betty’s Eddies Brand Into Maine Adult-Use Cannabis Marketplace :: MariMed Inc. (MRMD)

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