Thursday , February 27 2020
Home / Managerial Econ / Marijuana legalization increases cigarette consumption

Marijuana legalization increases cigarette consumption

Summary:
Econ Paper:   ... marijuana and cigarettes are complements and legalizing recreational marijuana is associated with an increase in cigarette consumption by about 4-7%. So, beware the hidden-cost fallacy:   We advise caution in passing [marijuana legalization] laws since we estimate the nationwide health care costs associated with such an increase in tobacco consumption will be about billion and may equal or exceed the touted monetary benefits of marijuana legalization in many states. HT:  MarginalRevolution.com

Topics:
[email protected] (Luke Froeb) considers the following as important:

This could be interesting, too:

[email protected] (Luke Froeb) writes A simple way to combat corruption

[email protected] (Luke Froeb) writes “There might be some unintended consequences,” she added.

[email protected] (Michael Ward) writes Hidden Costs on Social Media Marketing

[email protected] (Luke Froeb) writes Seattle commits the hidden cost fallacy

Econ Paper:  
... marijuana and cigarettes are complements and legalizing recreational marijuana is associated with an increase in cigarette consumption by about 4-7%.

So, beware the hidden-cost fallacy:  
We advise caution in passing [marijuana legalization] laws since we estimate the nationwide health care costs associated with such an increase in tobacco consumption will be about $10 billion and may equal or exceed the touted monetary benefits of marijuana legalization in many states.

HT:  MarginalRevolution.com

Leave a Reply

Your email address will not be published. Required fields are marked *