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Can Legal Weed Win?
The Blunt Realities of Cannabis Economics
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Can Legal Weed Win?
$4799
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
This book is ideal for readers interested in economics, public policy, and the cannabis industry, especially those seeking a clear understanding of the challenges facing legal cannabis markets. It suits policymakers, industry professionals, and anyone curious about the economic and regulatory dynamics of marijuana legalization.
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Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
Two economists take readers on a tour of the economics of legal and illegal weed, showing where cannabis regulation has gone wrong and how it could do better.
Cannabis "legalization" hasn't lived up to the hype. Across North America, investors are reeling, tax collections are below projections, and people are pointing fingers. On the business side, companies have shut down, farms have failed, workers have lost their jobs, and consumers face high prices. Why has legal weed failed to deliver on many of its promises? Can Legal Weed Win? takes on the euphoric claims with straight dope and a full dose of economic reality.
This book delivers the unadulterated facts about the new legal segment of one of the world's oldest industries. In witty, accessible prose, economists Robin Goldstein and Daniel Sumner take readers on a whirlwind tour of the economic past, present, and future of legal and illegal weed. Drawing upon reams of data and their own experience working with California cannabis regulators since 2016, Goldstein and Sumner explain why many cannabis businesses and some aspects of legalization fail to measure up, while others occasionally get it right.
Their stories stretch from before America's first medical weed dispensaries opened in 1996 through the short-term boom in legal consumption that happened during COVID-19 lockdowns. Can Legal Weed Win? is packed with unexpected insights about how cannabis markets can thrive, how regulators get the laws right or wrong, and what might happen to legal and illegal markets going forward.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Publishers Weekly praises the book as a "lucid and pragmatic analysis" with clear, jargon-free, data-rich insights. Bloomberg Businessweek highlights the authorsβ view that excessive bureaucracy makes legal weed costly and less competitive. Jacobin calls it an "excellent primer" on America's cannabis industry. Other reviews note its explanation of burdensome regulations hindering black market displacement and commend the witty writing style that makes complex finances engaging.
Book Details
INFORMATION
ISBN: 9780520397378
Publisher: University of California Press
Format: Paperback / softback
Date Published: 19 September 2023
Country: United States
Imprint: University of California Press
Illustration: 28 b-w illustrations, 6 tables
Audience: Professional and scholarly
DIMENSIONS
Spine width: 20.0mm
Width: 140.0mm
Height: 210.0mm
Weight: 272g
Pages: 232
About the Author
Robin Goldstein is an economist and author of The Wine Trials, the controversial exposΓ© of wine snobbery that became the world's best-selling guide to cheap wine. He is Director of the Cannabis Economics Group in the Department of Agricultural and Resource Economics at the University of California, Davis. He has an ABΒ from Harvard University, a JDΒ from Yale Law School, and a PhDΒ in economics from the University of Bordeaux.
Β
Daniel Sumner is Frank H. Buck,Β Jr. Distinguished Professor of Agricultural and Resource Economics at the University of California, Davis. He grew up on a California fruit farm, served on the president's Council of Economic Advisers, and was Assistant Secretary of Economics at the USΒ Department of Agriculture before joining the UC Davis faculty. He has a BSΒ from Cal Poly and a PhDΒ in economics from the University of Chicago.
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