New York Business Journal

Report: Legal Marijuana Brings ‘New Energy’ to Black Market

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Michael del Castillo
January 5, 2016

Local drug dealers in New York City who specialize in selling marijuana are seeing a renaissance in their industry, but not one that is necessarily helping their bottom lines, now that their product is becoming increasingly socially acceptable and in some cases legal.

“A lot of old-time dealers I know can’t command the same high prices they used to because there’s so much competition from guys who’ve got the same high-quality [product],” said Ric Curtis, an anthropology professor at John Jay College of Criminal Justice who has studied New York’s black market. He sees California weed even pushing out the lower-quality Mexican product in poorer parts of the city. “It’s hard to say how the market is going to play out, but it’s becoming saturated,” he said.’

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