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COVID-19 has caused legal weed to ‘cannibalize’ the illicit market
By the end of 2020, the legal cannabis industry is expected to surpass US$15 billion. But the money that weed generates on the illicit market far exceeds that amount.
Tracking exact figures is tricky because anonymous dealers and criminal networks aren’t exactly sharing sales data with the media. But estimates approximate the illicit market is more than four times the size of its legal market.
More specifically, New Frontier Data values the U.S. illicitCopyright
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