{"id":42127,"date":"2021-03-17T21:14:25","date_gmt":"2021-03-18T04:14:25","guid":{"rendered":"https:\/\/quantumstones.com\/?p=42127"},"modified":"2021-03-17T21:14:26","modified_gmt":"2021-03-18T04:14:26","slug":"can-cannabis-legalization-decrease-black-market-demand","status":"publish","type":"post","link":"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/","title":{"rendered":"Can Cannabis Legalization Decrease Black Market Demand"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The opinion on the sale and use of marijuana has changed in more ways than one. Presently, many countries and states worldwide have legalized cannabis, and many more are in talks to follow suit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to its legalization, scientists have been able to conduct more experiments and cannabis research. Their studies have confirmed that aside from the euphoric-inducing THC, cannabis contains many other components that promote overall wellness and health.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, it seems many people had known about the<\/span><a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC3998228\/\"><span style=\"font-weight: 400;\"> health benefits of using marijuana<\/span><\/a><span style=\"font-weight: 400;\"> long before scientists conducted their research. These people and people who use it recreationally are large contributors to the great cannabis demand in the black market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the recent legalization of cannabis has got many analysts and business owners asking about its possible effects on the demand for cannabis in the black market.<\/span><\/p>\n<p><a href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/art-2085b\/\" rel=\"attachment wp-att-42151\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42151\" src=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085B.jpg\" alt=\"Cannabis Legalization\" width=\"599\" height=\"400\" srcset=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085B.jpg 599w, https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085B-300x200.jpg 300w\" sizes=\"(max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<h3><strong>Why Are People Buying Cannabis?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Since its legalization, the sales of marijuana have soared. Cannabis is divided into three categories- Sativa, Indica, and hybrid. Most common is the hybrid weed, a combination of Sativa and Indica. However, people buy different strains based on their needs. Some of the common reasons people purchase cannabis are as under-.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">One of the main reasons why people buy is cannabis is because of its pain-relieving properties. It can also provide relief from stress.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Moreover, marijuana also has several other medicinal benefits. It contains components that can protect the lungs and other vital organs.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Others are purchasing this herb due to the euphoria-inducing effects it gives. THC-rich strains induce psychoactive properties. This herb helps you relax and maintain a positive outlook in life which is highly beneficial these days.<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/art-2085c\/\" rel=\"attachment wp-att-42152\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42152\" src=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085C.jpg\" alt=\"Cannabis Legalization\" width=\"600\" height=\"400\" srcset=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085C.jpg 600w, https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085C-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<h3><strong>The Marijuana Demand And Supply<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In the United States, <\/span><a href=\"https:\/\/www.esquire.com\/lifestyle\/a21719186\/all-states-that-legalized-weed-in-us\/\"><span style=\"font-weight: 400;\">15 states have legalized the sale and use<\/span><\/a><span style=\"font-weight: 400;\"> of weed, and 11 have permitted people to use this herb recreationally. The government could add many states such as Arizona and New Jersey to the list during the Biden administration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Predictably, the sales of marijuana have skyrocketed dramatically during this pandemic. Its peak was at the start of the pandemic, which was in April last year. In the U.S, people bought the most cannabis through <\/span><a href=\"https:\/\/www.justcannabis.shop\/\"><span style=\"font-weight: 400;\">online marijuana dispensary<\/span><\/a><span style=\"font-weight: 400;\"> in Washington and Colorado. Amongst many other cannabis products, gummies were what people were buying the most.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/art-2085d\/\" rel=\"attachment wp-att-42153\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42153\" src=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085D.jpg\" alt=\"Cannabis Legalization\" width=\"599\" height=\"447\" srcset=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085D.jpg 599w, https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085D-300x224.jpg 300w\" sizes=\"(max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<h3><strong>How It May Affect The Black Market<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Some people see the black market as a bane of society, while others see it as a necessary evil. The black market, which is also called the shadow economy, comprises illegality or non-conforming trait with the government\u2019s rules.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In recent years, many people patronize the black market due to scarcity or illegality. One of such products was cannabis. For a long time, most parts of the world prohibited people from using cannabis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The legalization of this herb has posed the question of demand stability of cannabis in the black market. The government legalized this medicinal herb to release the hold of illegal cannabis suppliers of the market. However, people buying from illegal sources may not stop for a while due to these reasons:<\/span><\/p>\n<p><a href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/art-2085f\/\" rel=\"attachment wp-att-42155\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42155\" src=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085F.jpg\" alt=\"Cannabis Legalization\" width=\"599\" height=\"335\" srcset=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085F.jpg 599w, https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085F-300x168.jpg 300w\" sizes=\"(max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<h3><strong>Legal marijuana remains scarce.<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Even if many countries have legalized cannabis, many legal vendors can&#8217;t handle its excessive demand. For example, even if<\/span><a href=\"https:\/\/reason.org\/commentary\/illinois-legal-marijuana-shortage-will-continue-until-original-legislation-is-fixed\/\"> <span style=\"font-weight: 400;\">Illinois<\/span><\/a><span style=\"font-weight: 400;\"> has fully legalized weed, you can only shop for it in a few places. The scarcity is high, which leads many people to continue to patronize illegal dealers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0The development of legal weed is still in its early stages, which casts considerable doubt on the possibility of legal cannabis monopolizing the market for a little while.<\/span><\/p>\n<h3><strong>Not all products are available.<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Many products a lot of people like to buy are not legal yet. These products include weed-infused food, drink, and edibles. Although the government will soon legalize these products, this gives a head start to the black market on cannabis sales.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Granted, you can still buy standard products such as weed and CBD oil, but this factor causes a demand gap, making people turn to illegal vendors instead.<\/span><\/p>\n<p><a href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/art-2085e\/\" rel=\"attachment wp-att-42154\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42154\" src=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085E.jpg\" alt=\"Cannabis Legalization\" width=\"600\" height=\"400\" srcset=\"https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085E.jpg 600w, https:\/\/quantumstones.com\/wp-content\/uploads\/2021\/03\/Art-2085E-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<h3><strong>Pricing favors illegal vendors.<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As you may already know, all legal products come with a price. Unlike &#8220;illegal&#8221; weed, legal weed comes with many fees and taxes on each ounce. This fact forces vendors to sell cannabis at<\/span><a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/181004\/dq181004a-eng.htm\"> <span style=\"font-weight: 400;\">$7 a gram<\/span><\/a><span style=\"font-weight: 400;\">, which many regular cannabis users will see as excessive. Governments are making moves to sell cannabis at lower prices, but it is doubtful that legal dealers would sell it for as cheap as an illegal weed. This, above all else, puts legal weed at a long-term disadvantage.<\/span><\/p>\n<h2><strong>Final Words<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Cannabis is a highly medicinal herb, but it is equally a very controversial substance. From the points mentioned above, the demand for cannabis will likely be unaffected at this present moment. However, the increasing stability and trust of legal weed may cause huge competition for illegal vendors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The opinion on the sale and use of marijuana has changed in more ways than one. Presently, many countries and states worldwide have legalized cannabis, and many more are in talks to follow suit. Due to its legalization, scientists have been able to conduct more experiments and cannabis research. Their studies have confirmed that aside [&hellip;]<\/p>\n","protected":false},"author":1631,"featured_media":42150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[341,63,244],"tags":[576,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can Cannabis Legalization Decrease Black Market Demand -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quantumstones.com\/can-cannabis-legalization-decrease-black-market-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Cannabis Legalization Decrease Black Market Demand -\" \/>\n<meta property=\"og:description\" content=\"The opinion on the sale and use of marijuana has changed in more ways than one. 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