In another dramatic example of how the black market for marijuana continues to thrive in the United States, the U.S. Coast Guard recently announced the seizure of 11,000 pounds of marijuana from international waters in the Caribbean and eastern Pacific Ocean. That equates to about $10 million in value.
In the same operation, the Coast Guard also seized 27,300 pounds of cocaine worth about $367 million.
The drugs “will not reach Main Street USA, thanks to the efforts of this crew,” Jeffrey Randall, commanding officer of the U.S. Coast Guard’s Cutter James told NBC. The seizure was made at Port Everglades, Florida, with the drugs being taken over two months in 18 separate interdictions across the Caribbean Basin and in the eastern Pacific Ocean off the coasts of Mexico, Central American and South America.
All the marijuana and cocaine were bound for the U.S.
Black Market Thrives Around The Country Despite Legalization
Marijuana is legal for recreational use in 11 states and the District of Columbia. It’s legal for medical use in 33 states. Yet, the black market continues to thrive.
Most experts are of the opinion that this is happening for several reasons. The first is the most obvious: In states where marijuana is illegal, the black market is the consumer’s only choice for consumption.
However, even where marijuana is legal, high prices can drive some to the black market. In California, those high prices are attributed to the amount of taxes placed on cannabis by the state.
Published: November 12, 2019