000			01683nab a2200277 c 4500
999			_c144539 _d144539
003			ES-MaIEF
005			20210825130151.0
007			ta
008			210825t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_969176 _aMiller, Keaton
245		4	_aThe effect of Cannabis legalization on substance demand and tax revenues _c Keaton Miller and Boyoung Seo
260			_c2021
500			_aDisponible también en formato electrónico.
500			_aResumen.
504			_aBibliografía.
520			_aCannabis advocates argue that legalization will increase tax revenues. However, if legal substances are substitutes, cannabis revenues may cannibalize other taxes. We document substitution between legal cannabis products and alcohol and tobacco products using detailed administrative and scanner data from Washington State. We estimate a flexible demand system for legal substances and find legalizing cannabis leads to a 15 percent decrease in alcohol, mainly by liquor and wine, and 5 percent decrease in cigarette demand. Approximately 40 percent of Washington’s 2015 cannabis revenue was cannibalized from preexisting sources. We find that Washington’s current substance taxes, even after accounting for substitution, are on the upward-sloping side of the Laffer curve.
650			_aIMPUESTOS _947460
650		4	_aESTUPEFACIENTES _942925
650		4	_aINGRESOS FISCALES _947378
650			_aESTADOS UNIDOS _942888
650		4	_aMODELOS ECONOMETRICOS _947776
700	1		_969177 _aSeo, Boyoung
773	0		_9165394 _oOP 233/2021/1 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 74, n. 1, March 2021, p. 107-145
942			_cART