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Yes. But the issue is it's not in major chains like Wal-Mart because of the federal laws, and they can't use normal banking again I think because of Federal laws.Is Marijuana legal in your state? Because what you are suggesting has already played out with pot and it sure hasn't worked out like you suggest and what many states must believe.
I'd argue it's because Alcohol is obviously treated differently. Right now all the dispensarys are small local businesses, which is not necessarily a bad thing, but small brewers also don't compete with the economies of scale Bud Lite has as sold through Wal-Mart.Yes, it worked with Alcohol for whatever reason, but it sure hasn't worked out with pot.
I'm not claiming no one will sell drugs illegally - there are still some people smuggling cigarettes to avoid state taxes. What you don't hear is people blaming alcohol or cigarettes for driving any cartels. I just don't believe that marijuana(or any drug) is somehow magical, just that until the feds allow the scale we have with cigarettes it's not a realistic comparison.Mexican Cartels absolutely are undercutting the legal price. Keep in mind, they don't have to pay taxes whereas states assume this is going to be a revenue generator like adding a state lottery. It's been tried and it didn't work.
And to defend against a "now you're moving the goalposts" I'm not - my argument was always Wal-Mart national scale Phillip Morris level legal production comparisons. When the local state dispensaries have to operate more like a drug dealer for finance and banking and cannot get regular deliveries from national production facilities or even state wide ones because the fed would shut those down, then obviously they'll be pricing higher than people importing from lower cost production countries and dodging taxes.
I do wonder if consumers feel safer buying from a storefront and that might tip the needle a little towards legal, but this is not a direct comparison to alcohol or cigarettes. If it was, then why wouldn't the cartels sell those cheaper too?