I know this is year old...but it's weird that you read the first page of this thread (Well, honestly hopefully not, because that would be damningly stupid for you) and came away with that conclusion. ...only the exact opposite of what you said has been suggested, proven, explained, experienced....oh wow, all this regulation and still prices got lower, way lower...with even more room for regulation, just to allow black market to compete!.
recently, supply has lessened up because of all the pandemic effects on the dispensaries (for the grey area stuff), but it's only back to normal, tolerable, black market stuff since...well 2+ decades.
and I'm in a market that is only "legal" right now, lol.