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

Legalizing marijuana in California might bring about an enormous decline within the pretax cost, however the expense for shoppers will rely seriously on taxes, the regulatory regime constitution, and the way taxes and laws are enforced. The lower cost and nonprice results increases intake, however it is doubtful via how a lot. there's a lot uncertainty concerning the impact on public budgets; even minor alterations in assumptions result in significant changes in outcomes.

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Altered State?: Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets (Occasional Papers) by Beau Kilmer,Jonathan P. Caulkins,Rosalie Liccardo Pacula,Robert J. MacCoun,Peter H. Reuter


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