Legal marijuana is finally doing what the drug war couldn’t
Legal marijuana may be doing at least one thing that a decades-long drug war couldn't: taking a bite out of Mexican drug cartels' profits.
The latest data from the U.S. Border Patrol shows that last year, marijuana seizures along the southwest border tumbled to their lowest level in at least a decade. Agents snagged roughly 1.5 million pounds of marijuana at the border, down from a peak of nearly 4 million pounds in 2009.
The data supports the many stories about the difficulties marijuana growers in Mexico face in light of increased competition from the north. As domestic marijuana production has ramped up in places such as California, Colorado and Washington, marijuana prices have fallen, especially at the bulk level.
"Two or three years ago, a kilogram [2.2 pounds] of marijuana was worth $60 to $90," a Mexican marijuana grower told...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin