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Altered State?
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Altered State? : Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets

Book Details

Format Paperback / Softback
ISBN-10 0833050346
ISBN-13 9780833050342
Publisher RAND
Imprint RAND
Country of Manufacture GB
Country of Publication GB
Publication Date Sep 16th, 2010
Print length 82 Pages
Weight 249 grams
Dimensions 28.20 x 21.90 x 0.60 cms
Ksh 2,700.00
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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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