Taxing and Regulating the Hell out of Marijuana in California

by | Jan 6, 2019

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A year into legal recreational marijuana sales in California, the volume of sales is far less than many people, and the state government, expected. The reason for low sales numbers is not that people stopped liking marijuana. The missing expected sales are still being made, but in the black market. Because “California is regulating and taxing the hell out of cannabis” in the legal market, it is hard “for legal suppliers to compete with the state’s longstanding, extensive, and highly developed black market,” writes Jacob Sullum in a Friday Reason article.

Read here Sullum’s informative article exploring why the inclusion of restraints on market freedom has made recreational marijuana legalization a bit of a flop in California.

Author

  • Adam Dick

    Adam worked from 2003 through 2013 as a legislative aide for Rep. Ron Paul. Previously, he was a member of the Wisconsin State Board of Elections, a co-manager of Ed Thompson's 2002 Wisconsin governor campaign, and a lawyer in New York and Connecticut.

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