{"title":"大麻需求的价格弹性:加拿大不列颠哥伦比亚省管制大麻市场合法化后的估计","authors":"Taylor Dodd , Timio Colistro , Myles A. Maillet","doi":"10.1016/j.drugpo.2025.104838","DOIUrl":null,"url":null,"abstract":"<div><h3>Background</h3><div>Cannabis was legalized in Canada for adult non-medical use in 2018, thereby changing how and where consumers buy cannabis. Prices have continued to decrease since legalization, and there is ongoing competition between regulated and illicit operators. Given these conditions, the aim of this study was to estimate the price elasticity of demand for regulated cannabis.</div></div><div><h3>Methods</h3><div>Data were monthly product-level wholesale sales from June 2022 to May 2024 from B.C.’s provincial cannabis wholesaler. We estimated price elasticity of demand for regulated cannabis in B.C. using ordinary least squares regression with fixed effects and controls for supply-side and demand-side factors, including brand, time, number of retailers a product was sold to, and THC and CBD content.</div></div><div><h3>Results</h3><div>Demand for regulated cannabis was found to be price elastic. Specifically, a 10 percent decrease in regulated cannabis price was associated with a 14 percent increase in the quantity of cannabis purchased in B.C. during the study period.</div></div><div><h3>Conclusion</h3><div>Although pre-legalization studies have observed price inelastic demand for cannabis, this study provides the first post-legalization estimate for regulated cannabis in Canada. Price elastic demand for regulated cannabis in B.C. may result from competition between regulated and illicit cannabis producers and retailers, and the willingness of some consumers to substitute between these sources based on price. These findings provide further insight into the continued displacement of the illicit cannabis market and challenges associated with pricing and taxation for regulated cannabis businesses.</div></div>","PeriodicalId":48364,"journal":{"name":"International Journal of Drug Policy","volume":"142 ","pages":"Article 104838"},"PeriodicalIF":4.4000,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Price elasticity of demand for cannabis: post-legalization estimates of the regulated cannabis market in British Columbia, Canada\",\"authors\":\"Taylor Dodd , Timio Colistro , Myles A. Maillet\",\"doi\":\"10.1016/j.drugpo.2025.104838\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><h3>Background</h3><div>Cannabis was legalized in Canada for adult non-medical use in 2018, thereby changing how and where consumers buy cannabis. Prices have continued to decrease since legalization, and there is ongoing competition between regulated and illicit operators. Given these conditions, the aim of this study was to estimate the price elasticity of demand for regulated cannabis.</div></div><div><h3>Methods</h3><div>Data were monthly product-level wholesale sales from June 2022 to May 2024 from B.C.’s provincial cannabis wholesaler. We estimated price elasticity of demand for regulated cannabis in B.C. using ordinary least squares regression with fixed effects and controls for supply-side and demand-side factors, including brand, time, number of retailers a product was sold to, and THC and CBD content.</div></div><div><h3>Results</h3><div>Demand for regulated cannabis was found to be price elastic. Specifically, a 10 percent decrease in regulated cannabis price was associated with a 14 percent increase in the quantity of cannabis purchased in B.C. during the study period.</div></div><div><h3>Conclusion</h3><div>Although pre-legalization studies have observed price inelastic demand for cannabis, this study provides the first post-legalization estimate for regulated cannabis in Canada. Price elastic demand for regulated cannabis in B.C. may result from competition between regulated and illicit cannabis producers and retailers, and the willingness of some consumers to substitute between these sources based on price. These findings provide further insight into the continued displacement of the illicit cannabis market and challenges associated with pricing and taxation for regulated cannabis businesses.</div></div>\",\"PeriodicalId\":48364,\"journal\":{\"name\":\"International Journal of Drug Policy\",\"volume\":\"142 \",\"pages\":\"Article 104838\"},\"PeriodicalIF\":4.4000,\"publicationDate\":\"2025-05-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Drug Policy\",\"FirstCategoryId\":\"3\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0955395925001380\",\"RegionNum\":2,\"RegionCategory\":\"医学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"SUBSTANCE ABUSE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Drug Policy","FirstCategoryId":"3","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0955395925001380","RegionNum":2,"RegionCategory":"医学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"SUBSTANCE ABUSE","Score":null,"Total":0}
Price elasticity of demand for cannabis: post-legalization estimates of the regulated cannabis market in British Columbia, Canada
Background
Cannabis was legalized in Canada for adult non-medical use in 2018, thereby changing how and where consumers buy cannabis. Prices have continued to decrease since legalization, and there is ongoing competition between regulated and illicit operators. Given these conditions, the aim of this study was to estimate the price elasticity of demand for regulated cannabis.
Methods
Data were monthly product-level wholesale sales from June 2022 to May 2024 from B.C.’s provincial cannabis wholesaler. We estimated price elasticity of demand for regulated cannabis in B.C. using ordinary least squares regression with fixed effects and controls for supply-side and demand-side factors, including brand, time, number of retailers a product was sold to, and THC and CBD content.
Results
Demand for regulated cannabis was found to be price elastic. Specifically, a 10 percent decrease in regulated cannabis price was associated with a 14 percent increase in the quantity of cannabis purchased in B.C. during the study period.
Conclusion
Although pre-legalization studies have observed price inelastic demand for cannabis, this study provides the first post-legalization estimate for regulated cannabis in Canada. Price elastic demand for regulated cannabis in B.C. may result from competition between regulated and illicit cannabis producers and retailers, and the willingness of some consumers to substitute between these sources based on price. These findings provide further insight into the continued displacement of the illicit cannabis market and challenges associated with pricing and taxation for regulated cannabis businesses.
期刊介绍:
The International Journal of Drug Policy provides a forum for the dissemination of current research, reviews, debate, and critical analysis on drug use and drug policy in a global context. It seeks to publish material on the social, political, legal, and health contexts of psychoactive substance use, both licit and illicit. The journal is particularly concerned to explore the effects of drug policy and practice on drug-using behaviour and its health and social consequences. It is the policy of the journal to represent a wide range of material on drug-related matters from around the world.