What is Illicit Market?
Illicit cannabis is grown and sold illegally. The cannabis business relies heavily on illicit market sales.
Illicit marketplaces flourish in recreational cannabis jurisdictions to dodge taxation.
In many regions, illegal cannabis sales outnumber legal channels. Certain demographics, like minors, also rely primarily on illicit access.
Globally, most cannabis production and sales take place outside of proper legal channels. Reasons include lack of access, high taxes, and consumer preference.
However, purchasing from illicit sources comes with risks like unsafe products and a lack of consumer protections. Legal markets are gradually disrupting traditional illicit trade.