Economics Research Seminar
The Legal Market for Marijuana: Evidence on Tax Incidence, and the Elasticity of Demand from WA
Sponsored by: Economics Department
Speaker(s): Benjamin Hansen, Ph.D., University of Oregon
Date & Time: Monday, Dec. 5, 2016 from 10 a.m. to 11:30 a.m. (Eastern)
A central question surrounding the legalization of marijuana is the rate at which it should be taxed. This paper speaks to this question by estimating the price elasticity of demand for marijuana in the legal market by exploiting a tax change in Washington state. To this end we use administrative records from Washington that record each step in the cultivation, production, and sale of marijuana. Use these rich administrative records, we study the responses of growers, processors, and retailers in response to the tax shift. The detailed administrative records allow us to study the tax incidence at each step in the supply chain. We utilize these policy responses to estimate the elasticity of demand for legal marijuana.
Please join the Economics Department for a research seminar. This event is open to all Case Western Reserve University faculty, Ph.D. students, economic majors and minors, and those interested in economics research.
Peter B. Lewis Building, Room 118
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Cleveland, OH 44106-7235
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