Altered State?: Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets

Altered State?: Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets

by Beau Kilmer, Jonathan P. Caulkins, Rosalie Liccardo Pacula, Robert J. MacCoun, Peter H. Reuter
     
 

Legalizing marijuana in California would lead to a major decline in the pretax price, but the price for consumers will depend heavily on taxes, the regulatory regime structure, and how taxes and regulations are enforced. The lower price and nonprice effects will increase consumption, but it is unclear by how much. There is much uncertainty about the effect on

Overview

Legalizing marijuana in California would lead to a major decline in the pretax price, but the price for consumers will depend heavily on taxes, the regulatory regime structure, and how taxes and regulations are enforced. The lower price and nonprice effects will increase consumption, but it is unclear by how much. There is much uncertainty about the effect on public budgets; even minor changes in assumptions lead to major differences in outcomes.

Product Details

ISBN-13:
9780833050342
Publisher:
Rand Publishing
Publication date:
09/16/2010
Pages:
82
Product dimensions:
8.30(w) x 10.90(h) x 0.30(d)

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