Tagged: medical marijuana

Cannabis Cross-price Elasticities - The Dismal Science

Eric Crampton Feb 19, 2018

It’s been a bit of an open question whether legalised marijuana would lead to more or less alcohol use.  If the two goods are complements, say if people liked drinking while consuming cannabis, then any increase in cannabis use could yield greater alcohol use. If they were substitutes and people smoked instead of drinking, alcohol use could drop. RAND … Read More

Another advantage of legal medical marijuana - The Dismal Science

Paul Walker Sep 08, 2016

Another post at the ProMarket blog highlights the cost advantages of medical marijuana, at least in the institutional framework for healthcare currently in use in the US. A new working paper by University of Georgia researchers shows that medical marijuana leads to sharp drops in the number of prescriptions for branded drugs.The paper estimates savings of … Read More