Cannabis: A Tale of Two Markets with Dr. Tiffanie Perrault

In this episode, Sasha and Zoya explore the unique dynamic between the newly emerging legal market for cannabis and the long established black market. When faced with a choice between legal and illegal, why do some consumers still choose the latter? Together with special guest Dr. Tiffanie Perrault we discuss the driving factors that determine the success (or failure) of the legal market, why the black market persists, and where consumers fit in to this complex relationship.

This episode provides a comprehensive review of all things cannabis legalization: A primer on legalization and cannabis, the realities of legalization efforts from Uruguay to the Netherlands, and a discussion with Dr. Perrault about her critical work in this subject.

Dr. Perrault is an assistant professor of economics at Grand Valley State University in Michigan. Prior to this she was a postdoctoral researcher at McGill University. Learn more about her and her work here: https://tiffanieperrault.github.io/

Papers mentioned in this epsiode: Weeding out the dealers? The economics of cannabis legalization - https://www.sciencedirect.com/science/article/pii/S0167268123003505

Flying High? Legalization and the Black Market for Cannabis -https://tiffanieperrault.github.io/docs/PerraultT_jmp_current.pdf

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