Is There a Big Difference in How Consumers Perceive High End Weed?

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Robin goldsteyn and dan sommer are the authors of Kinlegal weed win. Robin studied how marketing affects perceptions, especially in the case of high priced wine. Is there a big difference in how consumers consume or perceive high end weed? Are there parallels with the flour, the the oils, vapes, edibles? Rickie: The under consumer understanding of this product is just so rudimentary.

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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