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Join Belle Star & The Cannabis Kid every Wednesday morning for Live, cannabis radio Podcast!
June 1, 2022
8-9am Phoenix, Arizona time!
(646) 915-8421, press #1 to join us live on air!
Dr. Robin Goldstein and Professor Daniel Sumner!
According to economists, Dr. Robin Goldstein and Professor Daniel Sumner legal weed presents an economic conundrum—while nearly 40% of Americans can walk into a store today to purchase weed legally, why do many still buy it illegally?
Across North America, legal weed consumers face high prices and not enough retailers, while the predicted windfall of tax revenue has been muted. On the business side, investors are reeling, companies have shut down, and farms have failed. Many of the grandiose early promises of legalization have evaporated.
In their timely new book, CAN LEGAL WEED WIN?: The Blunt Realities of Cannabis Economics (UC Press; June 14, 2022), Goldstein and Sumner draw on a wealth of economic data and their experience working with industry and cannabis regulators to explain why many weed businesses and some aspects of legalization fail to measure up, while others occasionally get it right.