May 11, 2022
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Dr Aaron Carroll is one of my closest friends and one of the finest people I know. He is one of the most reasonable and thoughtful guys as well. He is a professor of pediatrics and associate dean for research mentoring at the Indiana University School of Medicine. He is also vice president for faculty development at The Regenstrief Institute. And now Aaron is the Chief Health Officer at IU. Dr. Carroll's research focuses on the study of information technology to improve pediatric care and areas of health policy including cost-effectiveness of care and health care financing reform. He is the author of The Bad Food Bible and the co-author of three additional books on medical myths.
Check out Aaron's amazing New Podcast Series!
Two economists take readers on a tour of the economics of legal
and illegal weed, showing where cannabis regulation has gone wrong
and how it could do better.
Cannabis "legalization" hasn't lived up to the hype. Across North
America, investors are reeling, tax collections are below
projections, and people are pointing fingers. On the business side,
companies have shut down, farms have failed, workers have lost
their jobs, and consumers face high prices. Why has legal weed
failed to deliver on many of its promises? Can
Legal Weed Win? takes on the euphoric claims with
straight dope and a full dose of economic reality.
This book delivers the unadulterated facts about the new legal
segment of one of the world's oldest industries. In witty,
accessible prose, economists Robin Goldstein and Daniel Sumner take
readers on a whirlwind tour of the economic past, present, and
future of legal and illegal weed. Drawing upon reams of data and
their own experience working with California cannabis regulators
since 2016, Goldstein and Sumner explain why many cannabis
businesses and some aspects of legalization fail to measure up,
while others occasionally get it right. Their stories stretch from
before America's first medical weed dispensaries opened in 1996
through the short-term boom in legal consumption that happened
during COVID-19 lockdowns. Can Legal Weed
Win? is packed with unexpected insights about how
cannabis markets can thrive, how regulators get the laws right or
wrong, and what might happen to legal and illegal markets going
forward.
Robin
Goldstein is an economist and author
of The Wine Trials, the controversial exposé of wine
snobbery that became the world's best-selling guide to cheap wine.
He is Director of the Cannabis Economics Group in the Department of
Agricultural and Resource Economics at the University of
California, Davis. He has an AB from Harvard University, a
JD from Yale Law School, and a PhD in economics from the
University of Bordeaux.
Daniel
Sumner is Frank H. Buck, Jr. Distinguished
Professor of Agricultural and Resource Economics at the University
of California, Davis. He grew up on a California fruit farm, served
on the president's Council of Economic Advisers, and was Assistant
Secretary of Economics at the US Department of Agriculture
before joining the UC Davis faculty. He has a BS from Cal Poly
and a PhD in economics from the University of Chicago.