In California, voters were sold the line that the state could collect upwards of $1 billion in revenue. The reality is the state has failed to bring in anywhere close to that mark — it fell 75 percent short of it through September. All this prompted outgoing California Gov. Jerry Brown to say, “I have not counted on any revenue from marijuana. Who’s counting on the marijuana revenue? People said that to make it more plausible for voters.”
So what’s the issue? It appears the black market is nimbler than anyone thought. In fact, it's growing stronger. One in five marijuana users in the state continue to purchase the drug off the street as opposed to buying it from retail stores. The situation is so bad that foreign cartels and criminal gangs are turning whole neighborhoods into pot-growing operations and even growing the drug on national lands.
And yet Big Marijuana — whose components now include Big Alcohol and Big Tobacco — keep claiming they can end the illicit trade of the drug through “regulation.”Read More