Freakonomics Radio

There are a lot of reasons, including heavy regulations, high taxes, and competition from illegal weed shops. Most operators are losing money and waiting for Washington to get out of the way. In the meantime, it’s not that easy being green. (Part two of a four-part series.) SOURCES:Jon Caulkins, professor of operations research and public policy at Carnegie Mellon University.Adam Goers, senior vice president of The Cannabist Company and chairperson of the Coalition for Cannabis Scheduling Reform.Precious Osagie-Erese, founder and C.E.O. of Precious Canna Co.Nikesh Patel, C.E.O. of Mammoth Distribution.Nikesh Patel, director of the San Francisco Office of Cannabis.Tom Standage, deputy editor of The Economist. RESOURCES:"Most Americans Favor Legalizing Marijuana for Medical, Recreational Use," (Pew Research Center, 2024)."Whitney Economics U.S. Legal Cannabis Forecast - 2024 - 2035," by Beau Whitney (Whitney Economics, 2024)."Beer Sellers Use a Loophole to Break Into Weed Drinks Market," by Redd Brown (Bloomberg, 2024)."Cannabis Producer Seeks Boston Beer Merger," by Lauren Thomas (The Wall Street Journal, 2024)."California's 'Apple Store of Weed' Declares Bankruptcy With $410M in Debt," by Lester Black (SFGate, 2024)."Is the State Democratic Chair Influencing Who Can Sell Legal Weed in this N.J. City?" by Jelani Gibson (NJ.com, 2023)."When Prohibition Works: Comparing Fireworks and Cannabis Regulations, Markets, and Harms," by Jonathan P. Caulkins and Kristina Vaia Reimer (International Journal of Drug Policy, 2023)."Did Minnesota Accidentally Legalize Weed?" by Paul Demko (Politico, 2022). EXTRAS:"Is America Switching From Booze to Weed?" by Freakonomics Radio (2024)."The Economics of Sports Gambling," by Freakonomics Radio (2019). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join experts Jon Caulkins, Yasmin Hurd, Michael Siegel, Tom Standage, and Ryan Stoa as they explore America's cultural shift from alcohol to cannabis. They discuss the rising cannabis usage, especially among older adults, and the historical significance of alcohol. The conversation dives into the complexities of cannabis research, regulatory discrepancies, and the potential health impacts of both substances. The experts also weigh the implications of this transition for public health and the economy, raising important questions about societal perceptions.

In this engaging discussion, Eric Posner, a law professor at the University of Chicago, and Koleman Strumpf, an economist at Wake Forest University, dive into the accuracy of betting markets versus traditional polls for predicting elections. They explore the potential chaos of a second Trump term and the historical skepticism surrounding democracy, linking it to contemporary political dynamics. The conversation also touches on the evolution of electoral betting markets and the implications of crypto-based platforms on election integrity and forecasting.

In this discussion, Eric Posner, a legal scholar from the University of Chicago, dives into the expanding presidential power in the U.S. He analyzes the evolution of authority since the War Powers Act and contrasts the intentions of the Founding Fathers with today's landscape. Posner highlights the implications of executive orders and unilateral actions, particularly during Obama's tenure. He also addresses the potential drift towards autocracy and the intricate dynamics between the presidency and Congress amidst changing political climates.

David Autor, an MIT economics professor, and James Suzman, an anthropologist and author, explore the transformation of work in modern society. They discuss how 60% of today's jobs didn't exist in 1940, emphasizing the impact of automation and AI on traditional roles. Suzman shares insights from hunter-gatherer societies, contrasting their egalitarian practices with today's challenges in job satisfaction and stability. Together, they envision the future of work, considering how technology will shape employment and the nature of labor itself.

Roland Fryer, a Harvard economist known for his impactful research on racial bias, candidly discusses his journey through controversy and suspension, touching on the limitations of corporate diversity initiatives. He shares insights into police reform, emphasizing dignity in community interactions while confronting uncomfortable truths about systemic disparities. The talk also explores educational incentives and the role of data in addressing inequalities, advocating for tailored solutions to create meaningful change and empower marginalized communities.

In this discussion, guests N. Jeremi Duru, a law professor and author examining racial equality in NFL coaching, Christopher Rider, an entrepreneurial studies professor focusing on equity analytics, and Scott Shephard, general counsel critiquing DEI initiatives, delve into the impact of the Rooney Rule. They explore its mixed results in promoting diversity in coaching, the link between NFL diversity practices and corporate America, and the ongoing challenges of systemic discrimination and meaningful change in hiring.

N. Jeremi Duru, a law professor specializing in sports and social issues, joins Jim Rooney, author and consulting partner from the renowned Rooney family. They dive into the NFL's Rooney Rule, created to promote diversity in coaching. The discussion highlights its initial success and subsequent failings. They explore the stark racial disparities between players and coaches, the role of mentorship, and the evolving landscape regarding equity in the league. It’s a thought-provoking look at the complexities of diversity in one of America’s biggest sports institutions.

In this conversation with Edward Glaeser, a Harvard economics professor and urban expert, they explore the often-neglected importance of maintenance. Glaeser argues that society's obsession with innovation overshadows the crucial need to care for existing systems. They discuss how effective maintenance underpins urban infrastructure and public health. The podcast also highlights the tension between the glamor of engineering careers and the reality of America's crumbling infrastructure, calling for a reevaluation of values to better appreciate sustainers in our communities.

David Blanchflower, a Dartmouth economics professor, dives into the alarming rise of anxiety and depression among young people linked to smartphone use. He explores the complexities of measuring happiness and introduces a U-shaped happiness curve that reveals a troubling decline in youth well-being. The discussion also critiques oversimplified narratives around screen time and mental health, urging a nuanced understanding of technology's impact. Finally, Blanchflower emphasizes the importance of supportive online communities amidst ongoing concerns about digital engagement.