{"product_id":"can-legal-weed-win-the-blunt-realities-of-cannabis-economics-9780520383265","title":"Can Legal Weed Win?: The Blunt Realities of Cannabis Economics","description":"\u003cb\u003eTwo 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.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e 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? \u003ci\u003eCan Legal Weed Win? \u003c\/i\u003etakes on the euphoric claims with straight dope and a full dose of economic reality. \u003cp\u003e\u003c\/p\u003e 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. \u003ci\u003eCan Legal Weed Win?\u003c\/i\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eRobin Goldstein \u003c\/b\u003eis an economist and author of \u003ci\u003eThe Wine Trials\u003c\/i\u003e, 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. \u003cp\u003e\u003c\/p\u003e\u003cb\u003eDaniel Sumner \u003c\/b\u003eis 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.\u003cbr\u003e","brand":"University of California Press","offers":[{"title":"Default Title","offer_id":50533838881042,"sku":"9780520383265","price":21.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_d4f82fee-6755-4e57-b4c7-67b05037b6eb.jpg?v=1731414081","url":"https:\/\/surprise-castle.myshopify.com\/products\/can-legal-weed-win-the-blunt-realities-of-cannabis-economics-9780520383265","provider":"Surprise Castle","version":"1.0","type":"link"}