In this Friday, Nov. 3, 2017 photo Donnie Anderson, a Los Angeles medical cultivator, retailer and co-owner of Western Caregivers dispensary poses for at one of his dispensary's in Los Angeles. Anderson predicted the high level of state taxation next year is "just going to help the illicit market thrive." He said more needs to be done to cut the cost for medical users, many of whom won't be able to absorb a big price jump. (AP Photo/Richard Vogel)

Sticker shock coming with California's new pot market

November 05, 2017 - 10:25 am

LOS ANGELES (AP) — Consumers eager for the coming of California's legal recreational marijuana market should be ready for sticker shock.

An array of new taxes and fees will be attached to pot sales next year, driving up prices.

For example, a small bag of good-quality medical marijuana in Los Angeles now runs about $35.

But in the legal recreational market next year, industry experts say the same amount is expected to ring up at the retail counter for $50 or $60.

At the high end, that's a 70 percent boost.

Medical pot purchases are expected to jump in price too, but not as steeply.

Some fear bargain-hunting consumers will turn to the black market, undercutting efforts to establish the legal one.

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