>> there is a huge market and billions to be made in this industry.
What canada has found is that this giant market is illusionary. Overall cannabis use has not increased after legalization. The same amount of money is being spent now as before. Yes, there is a slight tax income, but the reality is that people are getting it from the same people they used to. Everyone buys from friends and family just as before. So the government, and all those investors, are not seeing the predicted profits.
"the reality is that people are getting it from the same people they used to"
I've read that the Canadian government mandated that legal cannabis be limited in potency, so that in order to get high potency cannabis people are forced to go to the black market.
Could such potency limits be what's keeping the Canadian black market alive?
No idea. Never been in the market myself. I do hear that the commercial stuff is too expensive. And why pay full price for a plant, a weed, you can grow in a closet? Everyone just knows someone who grows more than they can use themselves. They then sell it to friends for next to nothing.
What canada has found is that this giant market is illusionary. Overall cannabis use has not increased after legalization. The same amount of money is being spent now as before. Yes, there is a slight tax income, but the reality is that people are getting it from the same people they used to. Everyone buys from friends and family just as before. So the government, and all those investors, are not seeing the predicted profits.