Altered State?
Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets
Nonfiction, Health & Well Being, Self Help, Addiction, Drug Dependence, Social & Cultural Studies, Political Science, Government, Social Policy, Substance Abuse
| Author: | Beau Kilmer, Jonathan P. Caulkins, Rosalie Liccardo Pacula, Robert J. MacCoun, Peter H. Reuter | ISBN: | 9780833050403 |
| Publisher: | RAND Corporation | Publication: | July 7, 2010 |
| Imprint: | RAND Corporation | Language: | English |
| Author: | Beau Kilmer, Jonathan P. Caulkins, Rosalie Liccardo Pacula, Robert J. MacCoun, Peter H. Reuter |
| ISBN: | 9780833050403 |
| Publisher: | RAND Corporation |
| Publication: | July 7, 2010 |
| Imprint: | RAND Corporation |
| Language: | English |
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.
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.
