Monday, October 7, 2019
"Cannabis Legalization: Dealing with the Black Market"
The title of this post is the title of this new paper recently posted to SSRN and authored by William J. Meadows, a recent graduate The Ohio State University Moritz College of Law. This paper is the thirteenth paper in an on-going series of student papers supported by the Drug Enforcement and Policy Center. (The twelve prior papers in this series are linked below.) Here is this latest paper's 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.
Prior student papers in this series:
- "The Canna(business) of Higher Education"
- "Marijuana Banking in New York and Around the US: 'Swim at Your Own Risk'"
- "Intellectual Property Survey: Cannabis Plant Types, Methods of Extraction, IP Protection, and One Patent That Could Ruin It All"
- "Marijuana in the Workplace: Distinguishing Between On-Duty and Off-Duty Consumption"
- "An Argument Against Regulating Cannabis Like Alcohol"
- "The State of Marijuana in The Buckeye State and Fiscal Policy Considerations of Legalized Recreational Marijuana"
- "Race Based Statutes at Play with Cannabis: Cultivating a Process for Weeding Out the Competition"
- "Tribal Cannabis: Balancing Tribal Sovereignty and Cooperative Enforcement"
- "Land of the Free, Home of the (Disgruntled) Brave: The Case for Allowing Veterans Access to Medical Marijuana"
- "Cannabidiol (CBD) in the Therapeutics Industry"
- "The Good, the Bad, and the Ugly: Why IRC § 280E Is Not the Industry Killer It Is Portrayed to Be"
- "Achieving Diversity in the Marijuana Industry: Should States Implement Social Equity into Their Regimes?"