We model consumer choices for cannabis in a risky environment and determine the supply of cannabis under prohibition … and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis … proposed policy mix can control the increase in cannabis consumption post-legalization and throttle the illegal market. The …

An argument against the legalization of the cannabis market is that such a policy would increase crime. Exploiting the … difference-in-differences and spatial regression discontinuity designs, that recreational cannabis caused a significant reduction …

We provide first-pass evidence that the legalization of the cannabis market across US states may be inducing a crime … the legalization of recreational marijuana caused a significant reduction of rapes and thefts on the Washington side of … evidence that the legalization increased consumption of marijuana and reduced consumption of other drugs and both ordinary and …

Evidence on cannabis legalization's effects on mental health remains scarce, despite both rapid increases in cannabis … use and an ongoing mental health crisis in the United States. We use granular geographic data to estimate medical cannabis … that medical cannabis availability had negative effects on mental health for the adult population overall. We also find …