TY - BOOK ID - 138705206 TI - Altered State? : Assessing How Marijuana Legalization in California Could Influence Marijuana Consumption and Public Budgets AU - Kilmer, Beau. AU - Caulkins, Jonathan P. AU - Pacula, Rosalie Liccardo AU - MacCoun, Robert J. AU - Reuter, Peter PY - 2010 SN - 0833050400 PB - Santa Monica : RAND Corporation, DB - UniCat KW - Drug legalization -- California. KW - Drug legalization -- Economic aspects -- California. KW - Marijuana -- Law and legislation -- California. KW - Marijuana industry -- Social aspects -- California. KW - Marijuana KW - Drug legalization KW - Marijuana industry KW - Law and legislation KW - Economic aspects KW - Social aspects UR - https://www.unicat.be/uniCat?func=search&query=sysid:138705206 AB - Legalizing marijuana in California would lead to a major decline in the pretax price, but the price for consumers will depend heavily on taxes, the regulatory regime structure, and how taxes and regulations are enforced. The lower price and nonprice effects will increase consumption, but it is unclear by how much. There is much uncertainty about the effect on public budgets; even minor changes in assumptions lead to major differences in outcomes. ER -