Marijuana liberalization and public finance: A capital market perspective on the passage of medical use laws

Marijuana liberalization and public finance: A capital market perspective on the passage of medical use laws

We find that the staggered passage of state-level laws that legalize marijuana for medical use increases states' borrowing costs by 7–9 basis points. Consistent with economic theory on substance use suggesting that marijuana legalization increases local consumption of the drug (by expanding its...

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Bibliographic Details
Main Authors: CHENG, Stephanie F., DE FRANCO, Gus, LIN, Pengkai
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
Marijuana
Public Health
Public Finance
Municipal Bonds
Accounting
Health Policy
Online Access:https://ink.library.smu.edu.sg/soa_research/1970
https://ink.library.smu.edu.sg/context/soa_research/article/2997/viewcontent/1_s2.0_S0165410122000398_main.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1970
https://ink.library.smu.edu.sg/context/soa_research/article/2997/viewcontent/1_s2.0_S0165410122000398_main.pdf

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