Can California’s Legal Marijuana Market compete with the well-established Black Markets?

California’s welcome board

by: Ali Porras

Either buckle your seat belt or pass the joint, the marijuana revolution has just begun!

All throughout California, thousands of people have been raving about the legalization of recreational marijuana. On November 9, 2016, Proposition 64 legalized using and growing marijuana for personal use. Soon, on January 1, 2018, Proposition 64 will permit sales and taxation for recreational marijuana. Large marijuana companies and millennials are overjoyed while many businesses within the black market are in a panic. The Adult Use of Marijuana Act, also known as California Proposition 64, introduces a whole new world of opportunities for California, but it’s important to consider how this new law will impact California on a bigger scale.

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