Cannabis Market Prices in the Licensed and Unlicensed Markets and the Economic Impacts of Current and Alternative Cannabis Tax Structures and Tax Rates on the Private and Public Sectors in California, Including Government Administrative Costs and Revenues

University of California, Davis

Year: 2020

Amount: $655,564

Status: Completed

Primary Investigator: Sumner

Summary

This project investigates cannabis market prices and the economic impacts of different tax structures in California. It analyzes over 27 million price data points collected from both licensed and unlicensed cannabis retailers since 2016. The study simulates the effects of current and alternative tax structures on government administrative costs and revenues, retail cannabis prices, and the overall viability of legal cannabis markets in California. The report also explores the potential economic impacts of the recently eliminated cultivation tax and other tax scenarios.

Publications

None