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
Cover of the book Altered State? by Beau Kilmer, Jonathan P. Caulkins, Rosalie Liccardo Pacula, Robert J. MacCoun, Peter H. Reuter, RAND Corporation
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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.

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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.

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