AIC researchers present on cannabis economics at Cornell

On June 12, 2018, at the 12th annual conference of the American Association of Wine Economists at Cornell University in Ithaca, New York, AIC researcher Robin Goldstein organized and chaired a plenary session on “Cannabis and Opioid Economics.” The majority of the work presented in the session was AIC research.

Goldstein presented “Retail costs and price relationships for the 2017 California cannabis market,” joint work with AIC Director Dan Sumner and AIC undergraduate researcher Allie Fafard. Sumner presented research with Yolanda Pan on “Simulating impacts of legalization and regulation of cannabis on the retail market,” and also discussed ongoing work on cannabis testing costs, joint with AIC researcher Pablo Valdes-Donoso and Goldstein.

The panel also featured the eminent economist Orley Ashenfelter of Princeton University, Guggenheim Fellow and past president of the American Economic Association, who presented “Opioids and alcohol: Substitutes or complements?”, and James Eaves (University of Laval), whose presentation, “Is cannabis like wine? The user experience offered by some popular cannabis strains,” focused on the economics of the Canadian cannabis market.

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