hopefully sooner rather than later.
when we said "regulate and tax it" for decades, we didn't mean give the blackmarket a greater marketshare by making the taxes exorbitant.
People are going to buy weed, if the taxes make it not worth purchasing legally the blackmarket will always be there to undercut it.
you have to COMPETE with blackmarket prices, you can't just jack up prices, legalize it and then expect people to stop paying $25 for 3.5 grams of top-tier marijuana.
no one is going to continually pay $75 for 3.5 grams, especially after the novelty has worn off.
If you have a who buddy will sell you the same amount of equal or higher quality for a 1/3rd of the price, would you pay 2/3rds more?
If cities add more tax on top of state tax, then it'll push more medical and recreational users right back into the untaxed newly formed gray market. Same with cities who don't open shops.
I think this is a result of being blinded by dollar signs instead of practical and thought-through policy.
Yes, it'll still rake in tax dollars and yes, people who don't know any better will buy from shops, like tourists.
But for the target market? I'm not so sure.