. 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 costs. The enforcement visits by the cannabis board officials to marijuana firms … marijuana sales. The paper highlight the economic value of government certification and finance in the formalization of a shadow …

alone. Among illicit drugs marijuana is the most commonly used, where the US government spends upwards of $7.7 billion per … year in enforcement of the laws for marijuana sales (Miron, 2005). For the past 30 years there has been a debate regarding … whether marijuana should be legalized. There are two important avenues through which legalization could impact use …