When it comes to alcohol and tobacco, big companies make much of their profits off those with serious addiction to their products. The next 20 percent drink around six drinks per week or less.
Our key identification strategy is to compare changes in housing sales around winners and losers in a lottery for recreational marijuana retail licenses.
(Due to location restrictions, license applicants were required to provide an address of where they would like to locate.) Hence, we have the locations of both actual entrants and potential entrants, which provides a natural difference-in-differences set-up.
However, there is disagreement on whether legal cannabis leads to more teen use.
A recent study showed that teen use of marijuana has not increased in states where marijuana was legalized.