What “Legacy” means

The legacy cannabis market refers to the informal and unregulated market for marijuana that existed prior to the legalization of the drug. This market was largely driven by demand from consumers and was characterized by a lack of standardization and quality control, as well as the involvement of illegal and criminal elements.

The legacy cannabis market has its roots in the criminalization of marijuana in the early 20th century. This led to the creation of an underground market for the drug, which was supplied by small-scale growers and distributed through illegal channels. Despite its criminal status, the market for marijuana continued to grow, driven by increased demand from consumers and a lack of alternatives.

In the 1960s and 1970s, the counterculture movement and the growing push for drug legalization brought renewed attention to the potential benefits of marijuana, leading to a growing movement for legalization. In the decades that followed, several states legalized medical marijuana, and in 2012, Colorado and Washington became the first states to legalize marijuana for recreational use.

The legalization of marijuana has had a significant impact on the legacy cannabis market, as it has created a regulated and taxed market for the drug, leading to increased investment and competition in the industry. The legalization of marijuana has also led to a growth in the number of licensed growers and dispensaries, as well as the development of new products and technologies in the industry.

Today, the legacy cannabis market is largely a thing of the past, as the regulated market for marijuana continues to grow and mature. However, the legacy market still exists in some form in states where marijuana remains illegal, and it continues to pose challenges for law enforcement and public health officials