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Table 3 Indexed cannabis retail market quantities by state, market, and scenario: under weak substitution (ρTotal = 1.01)

From: The supply-side effects of cannabis legalization

State

Legality

Scenario 1-1: Base model

Scenario 1-2: Legalize recreational cannabis in Oklahomaa

Scenario 1-3: Legalize recreational cannabis in Oklahoma + heavy tax on recreationalb

Scenario 1-4: Legalize recreational cannabis in Oklahoma+ heavy tax on recreational + medical and recreational cannabises are substitutesc

Q*

θ

β

Q*

θ

β

Q*

θ

β

Q*

θ

β

California

Recreational

0.154

0.251

0.839

0.143

0.234

0.839

0.143

0.234

0.839

0.143

0.234

0.839

Medical

0.034

0.160

0.032

0.160

0.032

0.160

0.032

0.160

Colorado

Recreational

0.071

0.103

0.794

0.066

0.096

0.794

0.066

0.096

0.794

0.066

0.096

0.794

Medical

0.020

0.206

0.019

0.206

0.019

0.206

0.019

0.206

Washington

Recreational

0.045

0.072

0.858

0.042

0.068

0.858

0.042

0.068

0.858

0.042

0.068

0.858

Medical

0.010

0.141

0.009

0.141

0.009

0.141

0.009

0.141

Oregon

Recreational

0.036

0.049

0.895

0.034

0.045

0.895

0.034

0.045

0.895

0.034

0.045

0.895

Medical

0.005

0.104

0.004

0.104

0.004

0.104

0.004

0.104

Nevada

Recreational

0.029

0.036

0.942

0.027

0.033

0.942

0.027

0.033

0.942

0.027

0.033

0.942

Medical

0.001

0.057

0.001

0.057

0.001

0.057

0.001

0.057

Illinoi

Recreational

0.016

0.048

0.355

0.015

0.045

0.355

0.015

0.045

0.355

0.015

0.045

0.355

Medical

0.024

0.644

0.022

0.644

0.022

0.644

0.022

0.644

Massachusetts

Recreational

0.027

0.047

0.685

0.025

0.045

0.685

0.025

0.045

0.685

0.025

0.045

0.685

Medical

0.015

0.314

0.014

0.314

0.014

0.314

0.014

0.314

Michigan

Recreational

0.020

0.046

0.512

0.019

0.043

0.512

0.019

0.043

0.512

0.019

0.043

0.512

Medical

0.020

0.478

0.019

0.478

0.019

0.478

0.019

0.478

Others

Recreational

0.047

0.074

0.660

0.044

0.069

0.660

0.044

0.069

0.660

0.044

0.069

0.660

Medical

0.024

0.339

0.023

0.339

0.023

0.339

0.023

0.339

Oklahoma

Recreational

0.038

0.061

0.104

0.665

0.050

0.103

0.665

0.047

0.103

0.585

Medical

0.033

0.030

0.334

0.030

0.334

0.034

0.414

Arizona

Medical

0.048

0.054

0.045

0.049

0.045

0.049

0.045

0.049

-

Pennsylvania

Medical

0.052

0.052

0.048

0.048

0.048

0.048

0.048

0.048

Maryland

Medical

0.021

0.021

0.019

0.019

0.019

0.019

0.019

0.019

Ohio

Medical

0.009

0.01

0.008

0.009

0.008

0.009

0.008

0.009

Florida

Medical

0.051

0.055

0.048

0.052

0.048

0.052

0.048

0.052

Others-medical

Medical

0.042

0.043

0.039

0.040

0.039

0.040

0.039

0.040

Total

0.854

0.999

0.856

0.999

0.845

0.999

0.846

0.999

  1. aAssume the double market quantity of 2020 medical cannabis in Oklahoma
  2. bAssume the triple tax of 2020 medical cannabis in Oklahoma
  3. cρOK = 2