Watching the grass grow: does recreational cannabis legalization affect retail and agricultural wages?

Table 1 Synthetic control estimates of the effect of recreational cannabis legalization on narrowly-defined labor market outcomes

	Log number establishments	Log number of employees	Log total quarterly wages	Log weekly wage
Colorado
Narrowly-defined Agriculture
RCL	0.056**	− 0.042	− 0.113	-0.007
P value	[0.030]	[0.303]	[0.303]	[0.576]
Narrowly-defined Retail
RCL	0.000	0.220	0.306*	0.050
P value	[0.818]	[0.152]	[0.091]	[0.212]
Washington
Narrowly-defined Agriculture
RCL	0.783*	0.516*	0.513**	− 0.013*
P value	[0.061]	[0.061]	[0.030]	[0.091]
Narrowly-defined Retail
RCL	0.063	0.535**	0.525**	0.059
P value	[0.152]	[0.030]	[0.030]	[0.606]

Notes: This table reports difference-in-difference estimates of the effect of recreational cannabis legalization (RCL) on labor market outcomes using synthetic controls for the treated units. Agriculture is the “Greenhouse and Nursery Production” (NAICS 1114) industry. Retail is the “Store retailers not specified elsewhere” category (NAICS 453998). P values are calculated via a placebo test. Stars indicate standard significance levels: ^∗10%, ^∗∗5%, ^∗∗∗1%

ISSN: 2522-5782