The black market in Colorado for residents and tourists has been virtually absorbed by the regulated market as the price has come down, he added.
Nobody’s buying from their neighborhood drug dealer anymore, emphasized Peter Marcus, communications director for Terrapin Care Station, which has multiple marijuana stores in Colorado.
“That’s just not a thing that happens here,” he said.
Colorado lawmakers and those in the industry took steps to make sure retail prices would not exceed the black market by opening numerous retail facilities simultaneously after growers had time to produce a supply, Marcus said.