Cannabis Legalization: Dealing with the Black Market

Drug Enforcement and Policy Center, No. 13, October 2019

Ohio State Public Law Working Paper No. 505, October 2019

30 Pages Posted: 17 Sep 2019

See all articles by William J. Meadows

William J. Meadows

Ohio State University (OSU), Michael E. Moritz College of Law, Students

Date Written: September 16, 2019

Abstract

This paper discusses how states that have legalized the recreational use of cannabis are struggling to subdue the black market. One of the goals of legalization was to defeat the black market and create a safer legal market for cannabis products. However, the black market still persists today, and in many states, it is actually dominating the legal market. This paper analyzes several reasons why consumers choose the black market, and it discusses several advantages black-market producers have over the legal market. Finally, this paper offers several possible solutions to this problem, such as working with the black market and decreasing barriers to entry in the legal market.

Keywords: black market, marijuana, cannabis, legalization, barriers to entry, regulation, recreational

Suggested Citation

Meadows, William J., Cannabis Legalization: Dealing with the Black Market (September 16, 2019). Drug Enforcement and Policy Center, No. 13, October 2019; Ohio State Public Law Working Paper No. 505, October 2019. Available at SSRN: https://ssrn.com/abstract=3454635 or http://dx.doi.org/10.2139/ssrn.3454635

William J. Meadows (Contact Author)

Ohio State University (OSU), Michael E. Moritz College of Law, Students ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
156
Abstract Views
708
rank
196,423
PlumX Metrics