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This report examines the potential impacts of marijuana legalization in California, focusing on changes in consumption patterns and public budgets. It utilizes a model to project outcomes based on various assumptions about price elasticity, tax rates, and enforcement. The findings highlight significant uncertainties, with potential outcomes ranging from increased consumption and substantial revenue to minimal effects due to factors like tax evasion and regulatory challenges.
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Publisher: RAND Corporation
Publishing Year: 2010
ISBN: 978-0833050342
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