Take a trip back to 2012, when the state of Colorado became the first US state to legalize Marijuana, such a monumental moment in the cannabis communities history. Fast forward back to present day, now 19 states have fully legalized recreational marijuana, with a few others working towards that goal. Legal Cannabis was once projected to be an enormous money-making business, how has true is that so far?
Through the combination of recreational and medical marijuana, around 40% of Americans can legally obtain weed, but the illegal market remains profitable, why is that? The article,'The Economics of Legal Weed Don't Work' written by Belinda Luscombe discusses this exact conundrum. Included in this article is an interview with Daniel Sumner and Robin Goldstein, authors of the book, Can Legal Weed Win?: The Blunt Realities of Cannabis Economics. The interviewer and both authors bring up some intriguing and thought-provoking points, give the article a read!