Caulkins on Cannabis: Illicit Market Share and Social Equity

CNR: Caulkins on Cannabis: Illicit Market Share and Social Equity

Here from the public record is my friend Jon Caulkins’s written submission to the Pennsylvania Legislature on cannabis legalization – about expectations for the illicit market and about social equity.

On the illicit market:  “I think two-thirds legal and one-third illegal is a reasonable expectation for after the market has stabilized a few years after state-licensed supply opens and before national legalization. That ballpark estimate comes with several elaborations and two warnings.”

On social equity:  Although “Most discussion focuses on” “[e]nsuring equitable access to cannabis licenses,” “[t]hat is a mistake.” 

And there’s a warning that regulating the marijuana industry won’t be easy.


#CBD #Hemp

Caulkins on Cannabis: Illicit Market Share and Social Equity


November 8, 2023 1:16 pm