In your research for kinlegal weedwin, what did you learn about price elasticity, especially in the legal market? Ah, you're seeing states like, let's say, oklahoma and colorado on the lower end, where maybe there's a little bit less regulation. And then states like illinois where it's taxed all the way and e you see, you see the legal market very much running up against the illegal market. Yes. So the real challenge is having data to really estimate that. But when we look at the whole market, legal plus illegal, all weed, then we say, that's pretty and elastic as well.
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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