Legalized recreational marijuana a substitute for alcohol, but not tobacco
Published Date: 7/17/2019
Source: phys.org
The recent wave of recreational cannabis legalization across the U.S. could generate $22 billion in sales per year, but not everyone is happy about it. New research to be published in an upcoming edition of the INFORMS journal Marketing Science, titled, "Asymmetric Effects of Recreational Cannabis Legalization," shows the alcohol industry could be impacted when the substance is legalized.