The legal, regulated market for cannabis and cannabis-related products. In contrast to the black market (illegal trade) and the gray market (partially regulated), the white market operates within the bounds of government laws and regulations. Cannabis businesses in the white market are licensed, taxed, and subject to compliance with state or country-specific laws. Products in this market are often rigorously tested for quality and safety, ensuring they meet the legal standards set by governing bodies.
🔊 wyt MAR·ket
In the Wild — Example
The white market is competing with the legacy market and winning in some places but losing badly in others.
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