Why Nobody Makes Money From Legalized Weed

The 1800s witnessed several gold rushes in places like California and Canada which are today talking about a “Green Rush”: the idea that legalizing cannabis will create a flood of money. The revenues and taxes from this new sector are expected to patch up holes in state finances, compensate those who suffered during the War on Drugs, and persuade illicit dealers to start doing business above board. Gold rushes rarely created great wealth for ordinary people, and the Green Rush seems to be no different. Numerous governments <a href="https://time.com/6184704/legal-marijuana-economics/" rel="noopener ugc nofollow" target="_blank">have</a> <a href="https://www.politico.com/news/2022/09/04/weed-companies-cant-make-money-00054541" rel="noopener ugc nofollow" target="_blank">struggled</a> <a href="https://www.nytimes.com/2021/04/18/world/canada/canada-marijuana-business-struggles.html" rel="noopener ugc nofollow" target="_blank">to</a> create a profitable industry from something that is sometimes touted as a license to make money. Illegal cannabis is <a href="https://www.newsweek.com/black-market-marijuana-still-popular-states-where-pot-legal-exported-other-states-1464273" rel="noopener ugc nofollow" target="_blank">often</a> <a href="https://www.npr.org/2021/11/07/1053387426/5-years-after-california-legalized-weed-the-illicit-market-dominates" rel="noopener ugc nofollow" target="_blank">still</a> the <a href="https://www.uppermichiganssource.com/2021/07/27/despite-legalization-most-marijuana-is-still-bought-illegally/" rel="noopener ugc nofollow" target="_blank">most</a> <a href="https://modernfarmer.com/2021/06/illegal-marijuana-sales-still-big-even-in-states-where-pot-is-legal/" rel="noopener ugc nofollow" target="_blank">commonly</a> sold variant even in jurisdictions where it can be bought legally. <a href="https://medium.com/@cailiansavage1/why-nobody-makes-money-from-legalized-weed-418068538b05">Website</a>