The drug trade as a global and national phenomenon -- Analytic perspectives for explaining the drug trade -- Conceptualizing consumption : drug use and drug users -- The production of psychoactive substances -- Distribution : linking producers and consumers -- Money laundering : money makes the...

This paper uses an unbanked industry to study the impact of government certification on financial access and growth. Marijuana is considered illegal by the Federal law resulting in high financial access costs. I exploit a unique experiment by Washington State that significantly lowered such...

"Interest in LEGAL Marijuana or Cannabis is growing everywhere. It's in the news. It's a big topic among politicians. CBD is entering everyday products and CBD stores are popping up everywhere. It's legalization is supported by a majority of Americans and people around the world. But with laws...