*Names in bold indicate Presenter
Much of the debate has imagined that legalization is an up or down, binary choice, but comparing the seventeen marijuana legalization initiatives and bills that are being discussed in US states in 2012 reveals striking differences on many dimensions that have important consequences for price, availability, use, and health outcomes.
This paper compares and contrasts these proposals, with each other, with past proposals that made it onto ballots, and with “model” approaches that have been described in the academic literature. A fundamental conclusion is that the differences are considerable, challenging the idea that it is even sensible to speak in terms of marijuana legalization having this or that outcome; the results of legalization may depend dramatically on which version passes. A second conclusion is that spill-overs will be considerable; any one state legalizing could depress prices throughout the U.S. The analysis identifies key “design choices” that will affect outcomes, and from those choices a typology that can help clarify public debate about legalization proposals.
- Caulkins,et al. submitted to APPAM.pdf (1013.4KB)