Similar Terms
- Underground market
- Shadow market
- Gray market
- Unregulated market
- Off-the-books market
Illicit Market / Black Market
The illicit or “black” market for cannabis includes all sellers of marijuana products that are doing so illegally. This could be a store that is not properly licensed in a legal state or a dealer that is selling cannabis illegally to consumers in legal or not legal markets, therefore avoiding regulations, taxes, and all other laws and regulations in place by the state. The term “black market” is not the preferred nomenclature nowadays because of its racist connotations.