THE POT RUSH: IS LEGALIZED MARIJUANA A POSITIVE LOCAL AMENITY?
This paper examines the amenity value of legalized marijuana by analyzing the impact of marijuana legalization on migration to Colorado. Colorado is the pioneering state in this area having legalized medical marijuana in 2000 and recreational marijuana in 2012. We test whether potential migrants to...
| Publicado en: | Economic Inquiry Vol. 58; no. 2; pp. 667 - 680 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Apr2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=141784816&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 141784816 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Apr2020 vid: 58 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 141784816 10.1111/ecin.12832 ppf: 667 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 567KB tig: atl: THE POT RUSH: IS LEGALIZED MARIJUANA A POSITIVE LOCAL AMENITY? aug: au: Zambiasi, Diego Stillman, Steven affil: Department of Economics, University College Dublin, Dublin 4, Ireland Faculty of Economics and Management, Free University of Bozen‐Bolzano, Bozen‐Bolzano 39100,, Italy su: Colorado Marijuana legalization State laws Amenity migration Permutations sug: subj: Marijuana legalization State laws Colorado Amenity migration Permutations ab: This paper examines the amenity value of legalized marijuana by analyzing the impact of marijuana legalization on migration to Colorado. Colorado is the pioneering state in this area having legalized medical marijuana in 2000 and recreational marijuana in 2012. We test whether potential migrants to Colorado view legalized marijuana as a positive or negative local amenity. We use the synthetic control methodology to examine in‐ and out‐migration to/from Colorado versus migration to/from counterfactual versions of Colorado that have not legalized marijuana. We find strong evidence that potential migrants view legalized marijuana as a positive amenity with in‐migration significantly higher in Colorado compared with synthetic‐Colorado after the writing of the Ogden memo in 2009 that effectively allowed state laws already in place to be activated, and additionally after marijuana was legalized in 2013 for recreational use. When we employ permutation methods to assess the statistical likelihood of our results given our sample, we find that Colorado is a clear and significant outlier. We find no evidence for changes in out‐migration from Colorado suggesting that marijuana legalization did not change the equilibrium for individuals already living in the state. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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