3 ms·

I don't think the impact is as great as they say. Pharma firms collude to create very strong lobby and special interest groups that keeps people elected. Cannab

by purim 4y ago

I don't think the impact is as great as they say. Pharma firms collude to create very strong lobby and special interest groups that keeps people elected. Cannabis legalization created a lot more fragmented cannabilizing groups. Just take a look at Canadian legal market. The grey market always outperforms it and many have begun shunning the expensive legal weed. Lot's of weird actors in this space, especially these psychedellic therapy groups who are self-licensed and have history of misconduct. I find these one off studies to be highly sensational and idealizing a very tough market to break into. The impact of marijuana is still not known 100%. There is reason why some countries like Singapore have been extra careful to adopt these western libertarian ideas. While probably an overreaction, the impact of marijuana needs to be observed over a very long period of time and this is where pharmaceuticals shine.

qazwse_ 4y ago
Just take a look at Canadian legal market. The grey market always outperforms it and many have begun shunning the expensive legal weed. This is not true, the opposite is happening. Illegal market share continues to decline, with 63% of people reporting buying from legal outfits in 2021, versus 43% in 2019. https://www.ccsa.ca/sites/default/files/2022-06/CCSA-Cannabis-Legalization-2021-2022-Observations-Policy-Brief-2022-en.pdf https://www.ccsa.ca/sites/default/files/2022-06/CCSA-Cannabi...
- LordDragonfang 4y ago
  And this is precisely what you'd expect, right? Initially, almost every regular smoker already has a cheaper grey/black market hookup, because that was the only way to get it, and gradually that withers away.
  - bamboozled 4y ago
    Not to mention buying legal is super fun. Going into stores, trying new strains, flavours etc. So much fun.
- purim 4y ago
nimih 4y ago
> I don't think the impact is as great as they say. Can you expand on this? I'm not particularly familiar with the style of financial analysis they're doing in the study, but the authors claim the methods and variables they are using are standard and well-understood, and their numerical results seem to support the study's conclusion pretty well, at least to this layperson's eyes. I'd be interested to know what I'm missing in terms of the study's weaknesses, either in terms of statistical methods, or other limitations not discussed by the authors.

by purim 4y ago

qazwse_ 4y ago

Just take a look at Canadian legal market. The grey market always outperforms it and many have begun shunning the expensive legal weed. This is not true, the opposite is happening. Illegal market share continues to decline, with 63% of people reporting buying from legal outfits in 2021, versus 43% in 2019. https://www.ccsa.ca/sites/default/files/2022-06/CCSA-Cannabis-Legalization-2021-2022-Observations-Policy-Brief-2022-en.pdf https://www.ccsa.ca/sites/default/files/2022-06/CCSA-Cannabi...

LordDragonfang 4y ago
And this is precisely what you'd expect, right? Initially, almost every regular smoker already has a cheaper grey/black market hookup, because that was the only way to get it, and gradually that withers away.
- bamboozled 4y ago
  Not to mention buying legal is super fun. Going into stores, trying new strains, flavours etc. So much fun.
purim 4y ago

nimih 4y ago

> I don't think the impact is as great as they say. Can you expand on this? I'm not particularly familiar with the style of financial analysis they're doing in the study, but the authors claim the methods and variables they are using are standard and well-understood, and their numerical results seem to support the study's conclusion pretty well, at least to this layperson's eyes. I'd be interested to know what I'm missing in terms of the study's weaknesses, either in terms of statistical methods, or other limitations not discussed by the authors.