Economics & Revenue

 

The literature on the economics and mechanics of legalization is scant. Below are the known studies on these topics.

 

Oglesby, Pat, “Laws To Tax Marijuana,” State Tax Notes, Vol. 59, No. 4, 2011

 

Cohen, Evan, and . deFonseka, Jehan R., “Tax Policies for Legalized Marijuana in California,”  Social Science Research Network, June 18, 2010


Ingenito, Robert, Testimony before the California Board of Equalization, October 28, 2009

 

Chaiken, Max, “The Other Green Economy: An Estimate of the Potential Revenue Generated by a Legally Tax and Regulated Marijuana Market,” Brown University undergraduate thesis, 2009


Lutts, Timothy, “The Economics of Legal Marijuana,”  Cabot Wealth Advisory, October 26, 2009

 

[California] State Board of Equalization, Staff Legislative Bill Analysis (AB 390), July 15, 2009

 

Beckett, Katherine, and Herbert, Steve, “The Consequences and Costs of Marijuana Prohibition,”  University of Washington, 2009


Gieringer, Dale, “Marijuana legalization could yield California taxpayers over $1.2 billion per year,”  California NORML, updated February 2009

 

Gettman, Jon, “Lost Taxes and Other Costs of Marijuana Laws,” The Bulletin of Cannabis Reform, 2007

 

Boyd, Lawrence W., “The Budgetary Implications of Marijuana Decriminalization and Legalization for Hawai’i,”  University of Hawai’i West Oahu, 2005 (?)

 

Miron, Jeffrey A., “The Budgetary Implications of Marijuana Prohibition,”  Harvard University, 2005
Miron, Jeffrey A., “The Budgetary Implications of Marijuana Legalization in Massachusetts,” Boston University, 2003

 

Miron, Jeffrey A., “The economics of drug prohibition and drug legalization,”  Social Research, Fall 2001

 

Caputo, Michael R., and Ostrom, Brian J., “Potential tax revenue from a regulated marijuana market: a meaningful revenue source,”  American Journal of Economics and Sociology, October, 1994

 

Gieringer, Dale, “Revenues from legalization,”  June 1994

 

Gieringer, Dale, “Economics of Cannabis Legalization,”  1994

 

Garber, Alan S., “Potential Tax Revenues for a Regulatory Marketing Scheme for Marijuana,” Journal of Psychedelic Drugs, Vol. 10(3), July-Sept. 1978