Oklahoma has more dispensaries, or more retail shops where you can buy legal weed than california does with a population one tenth the size. In vermont, the ballot question passed, and four years later, they still don't have a single store open. And so it's a competitive market. Some people will fail. Maybe in some cases there's too many stores, and there's a fierce competition. But it's good for consumers. Over all, the industry there is is is really robust and and growing fast.
Price elasticity, supply & demand curves....what better way to learn about economic fundamentals than through weed? (C'mon, isn't it more interesting when there’s an illegal market involved?)
Robin Goldstein and Daniel Sumner are economists at UC Davis and co-authors of “Can Legal Weed Win?”, a book about how the economics of legal, and illegal weed intersect. Ricky Mulvey talks with them about: - How federal legalization could help or hurt weed investors - Economic lessons from pot laws in Oklahoma and California - One surprising way that weed is like bacon
Additional resource: https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/
Host: Ricky Mulvey Guests: Robin Goldstein, Daniel Sumner Engineer: Dan Boyd
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