IDEAS home Printed from https://ideas.repec.org/p/qsh/wpaper/284476.html
   My bibliography  Save this paper

Pricing Phenomena in the Medical Marijuana Sector: A Big Data Analysis

Author

Listed:
  • Andrew Mack

Abstract

This paper provides empirical research on the market for legal marijuana in the United States by using a novel data set assembled by web-scraping prices from the online menus of medical marijuana dispensaries. It longitudinally tracks high frequency price data in various cities. The analysis documents the state average and median price of 'commodity cannabis' for six states over a two year period, 2013-2014, and shows that the trend has been remarkably flat. The paper also looks at city and dispensary price variation for a specific strain of cannabis. This is the first study of its kind to use a large data set of price observations of an illicit drug and hence provides a contribution to the literature on drug economics.

Suggested Citation

  • Andrew Mack, 2015. "Pricing Phenomena in the Medical Marijuana Sector: A Big Data Analysis," Working Paper 284476, Harvard University OpenScholar.
    • Handle: RePEc:qsh:wpaper:284476
    as

    Download full text from publisher

    File URL: http://scholar.harvard.edu/mack/node/284476
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qsh:wpaper:284476. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Brandon (email available below). General contact details of provider: https://edirc.repec.org/data/cbrssus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.