UC Davis Agricultural and Resource Economics

ARE Project Scientist Dr. Robin Goldstein and ARE Distinguished Professor Daniel A. Sumner Examine the Economics of Legal and Illegal Weed in New Book

May 24, 2022

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?

Goldstein and Sumner's new book "Can Legal Weed Win? The Blunt Realities of Cannabis Economics" takes on the euphoric claims with straight dope and a full dose of economic reality.

Recent news:
Goldstein and Sumner's Los Angeles Times OpEd "Why Legal Weed is Losing the War to Illegal Weed"
Economist article: "In California, the World’s Largest Legal Weed Market is Going up in Smoke"Jefferson Public Radio Interview with Goldstein and Sumner

The book is available via University of California Press here.


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