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

Table 2 Synthetic control estimates of the effect of recreational cannabis legalization on broadly-defined labor market outcomes

	Log number establishments	Log number of employees	Log total quarterly wages	Log weekly wage
Colorado
Broadly-defined Agriculture
RCL	0.008*	0.108**	0.064**	0.007
P value	[0.091]	[0.030]	[0.029]	[0.242]
Broadly-defined Retail
RCL	− 0.044	0.035**	0.055**	0.015*
P value	[0.576]	[0.030]	[0.030]	[0.061]
Washington
Broadly-defined Agriculture
RCL	− 0.021	0.312	0.369	-0.154
P value	[0.091]	[0.333]	[0.242]	[0.667]
Broadly-defined Retail
RCL	0.013	0.112	0.147*	0.014
P value	[0.121]	[0.121]	[0.061]	[0.333]

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. Broadly-defined Agriculture is the “Agriculture, Forestry, Fishing, and Hunting” (NAICS 11) industry. Broadly-defined Retail is the combination of “NAICS 446 Health and personal care stores,” “NAICS 452 General merchandise stores,” and “NAICS 453 Miscellaneous store retailers.” P values are calculated via a placebo test. Stars indicate standard significance levels: ^∗10%, ^∗∗5%, ^∗∗∗1%

ISSN: 2522-5782