Historique
Article de Périodique
The legalization of cannabis derivatives in Spain: Hypothesis on a potential emerging market (2017)
(La legalización de los derivados del cannabis en España: Hipótesis sobre un potencial mercado emergente)
Auteur(s) :
ALVAREZ, A. ;
GAMELLA, J. F. ;
PARRA, I.
Année
2017
Page(s) :
195-206
Sous-type de document :
Revue de la littérature / Literature review
Langue(s) :
Anglais
Domaine :
Drogues illicites / Illicit drugs
Discipline :
MAR (Marchés / Markets)
Thésaurus géographique
ESPAGNE
Thésaurus mots-clés
CANNABIS
;
LEGALISATION
;
MARCHE DE LA DROGUE
;
POLITIQUE
;
PRIX
;
ELASTICITE
;
CONSOMMATION
;
TAXE
Résumé :
First, this paper estimates the dimensions of the market for cannabis in Spain using data on the extent of consumption and the main patterns of use of consumers. Then the paper reviews the hypothetical production and distribution costs of these drugs in different production regimes under different legal conditions. The review shows that current prices of cannabis in the illegal market could be notably reduced if production and distribution of cannabis were decriminalized and even more if they were performed by legal enterprises. Thirdly, we examine the relationship between prices and consumption levels by analysing the price elasticity of demand. A fall in the prices of cannabis products will likely result in an increase in the number of users and in the total amount consumed. Lastly we consider several alternatives for the taxation of cannabis derivatives to counteract the likely fall in prices, and their pros and cons.
Affiliation :
Departametno de Antropologia social Facultad de Filosofia y Letras Universidad de Granada, Espana