people won’t take black market risks for white market markups.
Certainly some will; word is that most people who are currently procuring on the black market will continue to do so. The judicial system/law enforcement markup is the difference.
And can be changed by the legislature.
Black market will be considerably cheaper (~40%).
As has been pointed out, as new sellers enter the legal market the legal price will drop. (What's your source for that 40% figure, by the way?)
word is that most people who are currently procuring on the black market will continue to do so.
Just like most people who drank black market booze during Prohibition stuck with the black market when Prohibition ended? LOL!
Taxation wasn’t established as over the top. Black market minimum markup is 300% per transaction, in the white market you pretty much only see that in jewelry, most white market markups are under 100%.
No, they won’t. That’s why black markets are so expensive. If people are going to risk being killed in 2 transactions and going to jail in between they want to do a lot better than doubling their money. Colorado and Washington are showing you’re wrong. The end of Prohibition showed you’re wrong. White markets kill black markets, unless we’re stupid like with cigarette taxes.