Taxation and Market Power in the Legal Marijuana Industry

@article{Hollenbeck2021TaxationAM,
  title={Taxation and Market Power in the Legal Marijuana Industry},
  author={Brett Hollenbeck and Kosuke Uetake},
  journal={ERN: Incidence (Topic)},
  year={2021}
}
In 2012 the state of Washington created a legal framework for production and retail sales of marijuana. Nine other U.S. states and Canada have followed. These states hope to generate tax revenue for their state budgets while limiting harms associated with marijuana consumption. We use a unique administrative dataset containing all transactions in the history of the industry in Washington to evaluate the effectiveness of different tax and regulatory policies under consideration by policymakers… 

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