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Two economists’ dismal view of legalization
Until its heartstopping seventh chapter — “Legal Weed in 2050” — many cannabis executives will find themselves nodding along with “Can Legal Weed Win: The blunt realities of cannabis economics,” by UC Davis economists Robin Goldstein and Daniel Sumner.
Then, as if cresting the peak of a roller coaster, readers may find themselves holding their stomachs and questioning their life choices. I certainly did.
The cannabiz is tough, but what keeps everyone going is faith in the massive growth to come. Last year, state legal sales came in . . .
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