According to economists, Dr. Robin Goldstein and Professor Daniel Sumner, legal weed presents an economic conundrum—while nearly 40% of Americans can walk into a store today to purchase weed legally, why do many still buy it illegally?
Across North America, legal weed consumers face high prices and not enough retailers, while the predicted windfall of tax revenue has been muted. On the business side, investors are reeling, companies have shut down, and farms have failed. Many of the grandiose early promises of legalization have evaporated.
In their timely new book, CAN LEGAL WEED WIN?: The Blunt Realities of Cannabis Economics (UC Press; June 14, 2022), Goldstein and Sumner draw on a wealth of economic data and their experience working with industry and cannabis regulators to explain why many weed businesses and some aspects of legalization fail to measure up, while others occasionally get it right.
CAN LEGAL WEED WIN? is packed with unexpected insights about how weed markets can thrive, how legislators and regulators can do better, and where we can expect the markets—legal and illegal—to go from here.
Summary:
–What can NY learn from CA?
–Five pipe dreams about legal weed with a dose of economist reality ($7K/lb wholesale, $300/oz retail, $420M valuations, etc)
–Will national legalization or Banking help cannabis businesses more?
–Where have cannabis regulation gone astray and how can it be done better?
–Legal weed in 2050: what can be expected?
Guests:
Robin Goldstein is an economist and director of the Cannabis Economics Group in the Department of Agricultural and Resource Economics at the University of California, Davis.
https://www.linkedin.com/in/robin-goldstein-110914/
Daniel Sumner is Frank H. Buck, Jr. Distinguished Professor of Agricultural and Resource Economics at the University of California, Davis.
https://www.linkedin.com/in/daniel-sumner-713a9516/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 960 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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