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Can Legal Weed Win?

The Blunt Realities of Cannabis Economics
By Dr. Robin Goldstein and Prof. Daniel Sumner
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Can Legal Weed Win? explores the economic realities behind the cannabis industry’s legal and illegal markets. Economists Dr. Robin Goldstein and Prof. Daniel Sumner analyse why legal cannabis has often fallen short of expectations despite widespread 'legalization'. Drawing on extensive data and their regulatory experience in California since 2016, they explain the failures and occasional successes of cannabis businesses, tracing developments from 1996 to the recent COVID-19 lockdown boom. This accessible, witty examination offers insights into how markets can flourish, the impact of regulation, and the future of legal and illegal cannabis trade.
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Format: Paperback / softback
$4799
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for readers interested in economics, public policy, and the cannabis industry, especially those seeking a clear understanding of the challenges facing legal cannabis markets. It suits policymakers, industry professionals, and anyone curious about the economic and regulatory dynamics of marijuana legalization.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Two economists take readers on a tour of the economics of legal and illegal weed, showing where cannabis regulation has gone wrong and how it could do better.

Cannabis "legalization" hasn't lived up to the hype. Across North America, investors are reeling, tax collections are below projections, and people are pointing fingers. On the business side, companies have shut down, farms have failed, workers have lost their jobs, and consumers face high prices. Why has legal weed failed to deliver on many of its promises? Can Legal Weed Win? takes on the euphoric claims with straight dope and a full dose of economic reality.

This book delivers the unadulterated facts about the new legal segment of one of the world's oldest industries. In witty, accessible prose, economists Robin Goldstein and Daniel Sumner take readers on a whirlwind tour of the economic past, present, and future of legal and illegal weed. Drawing upon reams of data and their own experience working with California cannabis regulators since 2016, Goldstein and Sumner explain why many cannabis businesses and some aspects of legalization fail to measure up, while others occasionally get it right.

Their stories stretch from before America's first medical weed dispensaries opened in 1996 through the short-term boom in legal consumption that happened during COVID-19 lockdowns. Can Legal Weed Win? is packed with unexpected insights about how cannabis markets can thrive, how regulators get the laws right or wrong, and what might happen to legal and illegal markets going forward.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Publishers Weekly praises the book as a "lucid and pragmatic analysis" with clear, jargon-free, data-rich insights. Bloomberg Businessweek highlights the authors’ view that excessive bureaucracy makes legal weed costly and less competitive. Jacobin calls it an "excellent primer" on America's cannabis industry. Other reviews note its explanation of burdensome regulations hindering black market displacement and commend the witty writing style that makes complex finances engaging.

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Book Details

INFORMATION

ISBN: 9780520397378

Publisher: University of California Press

Format: Paperback / softback

Date Published: 19 September 2023

Country: United States

Imprint: University of California Press

Illustration: 28 b-w illustrations, 6 tables

Audience: Professional and scholarly

DIMENSIONS

Spine width: 20.0mm

Width: 140.0mm

Height: 210.0mm

Weight: 272g

Pages: 232

Collections

Dr. Robin Goldstein Education & Reference Finance & Economics Finance & Investment Non-Fiction Prof. Daniel Sumner

About the Author

Robin Goldstein is an economist and author of The Wine Trials, the controversial exposé of wine snobbery that became the world's best-selling guide to cheap wine. He is Director of the Cannabis Economics Group in the Department of Agricultural and Resource Economics at the University of California, Davis. He has an AB from Harvard University, a JD from Yale Law School, and a PhD in economics from the University of Bordeaux.
 
Daniel Sumner is Frank H. Buck, Jr. Distinguished Professor of Agricultural and Resource Economics at the University of California, Davis. He grew up on a California fruit farm, served on the president's Council of Economic Advisers, and was Assistant Secretary of Economics at the US Department of Agriculture before joining the UC Davis faculty. He has a BS from Cal Poly and a PhD in economics from the University of Chicago.

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