Table 5.
Variables | Total Effects (τ) | Direct Effects (τ′) | Indirect Effects (τ - τ′) |
---|---|---|---|
Panel A | |||
Medical Marijuana Law | 0.53 (0.55) | -0.09 (0.30) | 0.61 (0.35)* |
Decriminalization Policy | 2.62 (1.05)** | 0.93 (0.67) | 1.70 (0.50)*** |
Log Outdoor Plots Seized per 100,000 Population (Lagged 1 Year) | 0.01(0.16) | -0.09 (0.12) | 0.10 (0.10) |
Log Indoor Grows Seized per 100,000 Population (Lagged 1 Year) | -0.27 (0.15)* | -0.13 (0.15) | -0.14 (0.09) |
Sinsemilla % | 0.07 (0.01)*** | ||
Mid-Grade % | 0.00 (0.00) | ||
Log Mean Kilograms Seized | -0.06 (0.03)* | ||
Constant | 38.63 (52.14) | 3.47 (41.74) | |
Adj. R2 | 33.9% | 35.4% | |
| |||
Panel B | |||
Legally Operating Dispensaries | 0.99 (0.46)** | -0.02 (0.36) | 1.01 (0.32)*** |
Home Cultivation | 0.46 (0.51) | -0.26 (0.30) | 0.72 (0.28)*** |
Decriminalization Policy | 2.79 (1.06)** | 0.94 (0.71) | 1.86 (0.49)*** |
Log Outdoor Plots Seized per 100,000 Population (Lagged 1 Year) | -0.02 (0.18) | -0.09 (0.12) | 0.06 (0.10) |
Log Indoor Grows Seized per 100,000 Population (Lagged 1 Year) | -0.19 (0.15) | -0.14 (0.16) | -0.06 (0.08) |
Sinsemilla % | 0.07 (0.01)*** | ||
Mid-Grade % | 0.00 (0.00) | ||
Log Mean Kilograms Seized | -0.06 (0.03)** | ||
Constant | 18.40 (57.30) | 10.66 (45.61) | |
R2adj | 33.9% | 35.4% |
Note: Cluster robust standard errors are reported in parentheses. All models include state and year fixed effects and control variables. N = 39,157.
Significance levels:
10%,
5%,
1%