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"Price elasticity of illegal versus legal cannabis: a behavioral economic substitutability analysis free"
This study used behavioral economics to investigate the substitutability of legal and illegal cannabis in legalized catchment areas in the United States.
The federal government classifies cannabis as a Schedule I controlled substance. This means that it is a federal crime to possess and use cannabis in any form, even for medical purposes. It is also illegal to grow and sell them. The Controlled Substances Act (CSA) identifies marijuana (“marijuana” in the Act) as a Schedule I drug. is defined as a cannabis plant containing Greater than 0.3% on a dry weight basis.
Legalization means that a drug, once banned, is legalized under federal or state law. Decriminalization means that once-banned drugs remain banned by law, but the legal system does not allow individuals to be prosecuted or criminalized if they drop below a certain amount. there is no.
Learn more about legal and illegal cannabis here: https://brainly.com/question/370686
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