How The Black Market Is Threatening The Legal Cannabis Market
The outbreak of deadly vape-related illnesses is shining a spotlight on the booming $52 billion illegal market. Why are shady dealers still stealing business from legitimate companies?
One morning last August, Jonathan Doneson woke up with a cough that shot straight through his rib cage. “It killed me,” says the 52-year-old, who runs a women’s apparel company with his wife. “It was like I’d taken a really big bong hit.”
But Doneson didn’t have a bong. What he had was a discreet vape pen with marijuana cartridges he’d bought from a friend. For months, he’d been hitting it eight to 12 times a day, installing a new cartridge when the old one ran out and keeping a low-grade buzz to manage his stress. The habit felt so harmless that he didn’t even think to mention it to the doctor who X-rayed him following his bong-level cough.
4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.
Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 20% off an annual subscription today. Just use code SAVE20 at checkout.