[Ken H]

I doubt it. it will still be cheaper than government pot. Just like the bootleg booze and cigarettes are. that illegal industry is still quite large.

The black market in booze is not large enough to sustain the cartels. There is virtually no black market in cigarettes in low-tax states.

An underground market simply cannot compete with a well regulated and reasonably taxed market like alcohol. Same would be true for marijuana. It's economics 101.

[Nathan Zachary]

"The black market in booze is not large enough to sustain the cartels. There is virtually no black market in cigarettes in low-tax states."

In canada alone the black market cigarette business is about 1.6 billion $$. Even if the demand is 1/10 of that in the USA, It would be worth about the same dollar wise. Plenty to sustain the cartels. Booze would be a decent sized black market as well.