in

Study: Every dollar of medical cannabis sold is associated with a drop in alcohol sales of $0.74 to $0.84


Sales of medical cannabis in Canada are associated with a sharp drop in alcohol sales, according to a new study published in the journal Health Policy.

Conducted at Brock University in Canada, the full text of the study can be found at click here.

“The extent to which the legalization of cannabis use could lead to an increase or decrease in alcohol consumption has important implications for public health, economic growth, and government policy,” notes the study’s abstract. . The researchers analyzed monthly per capita sales of alcohol and legal medical cannabis in Canada using “fixed-effect panel data linear regressions.”

The data covered seven Canadian regions from January 2011 to September 2018 and monitored changes in retail activity levels, alcohol prices, higher education, unemployment and impaired driving penalties. .

“The analysis estimated that every dollar of legal medical cannabis sold was associated with an average decrease in alcohol sales of approximately $0.74 to $0.84,” the study states. “This suggests that medical cannabis was an economical substitute for alcohol in Canada, and that the country’s alcohol sales in 2017-2018 were approximately 1.8% lower than they would have been without cannabis. forensic medicine.”

The results therefore “indirectly imply that the reduction in alcohol consumption may have partially offset the health and economic impacts of cannabis legalization.”

Below is the full summary of the study:

Summary

The extent to which legalizing cannabis use might lead to an increase or decrease in alcohol consumption has important implications for public health, economic growth, and government policy. This study analyzed monthly per capita sales of alcohol and legal medical cannabis in Canada using fixed-effects panel data linear regressions. The data covered seven Canadian regions from January 2011 to September 2018 and monitored changes in retail activity levels, alcohol prices, higher education, unemployment and impaired driving penalties. . The analysis estimated that every dollar of legal medical cannabis sold was associated with an average decrease in alcohol sales of approximately $0.74 to $0.84. This suggests that medical cannabis was an economical substitute for alcohol in Canada and that alcohol sales in the country in 2017-2018 were approximately 1.8% lower than they would have been without legal medical cannabis. . The results therefore indirectly imply that the reduction in alcohol consumption may have partially offset the health and economic impacts of cannabis legalization.








#Study #dollar #medical #cannabis #sold #drop #alcohol #sales

Source link

Post expires at 6:29pm on Friday January 6th, 2023