Table 5.
Effect of Recreational Legalization on Online Advertised Prices
| Dependent variable: Price per gram |
All | Blue Dream | Sour Diesel | Green Crack | Bubba Kush | Purple Kush |
|---|---|---|---|---|---|---|
| Legal recreational market | 0.280* (0.124) |
0.033 (0.185) |
0.449** (0.203) |
0.825** (0.305) |
−0.185 (0.305) |
−0.097 (0.232) |
| Time | −0.527** (0.147) |
0.558* (0.251) |
−1.105** (0.240) |
−0.409 (0.287) |
0.306 (1.156) |
0.062 (0.211) |
| Oregon | −1.066** (0.303) |
−1.454** (0.466) |
−0.0864 (0.444) |
2.032 (2.178) |
0.463 (0.443) |
−2.782** (0.245) |
| Amount (in grams) | −0.105** (0.003) |
−0.100** (0.004) |
−0.100** (0.005) |
−0.110** (0.009) |
−0.099** (0.005) |
−0.107** (0.005) |
| Strain (Blue Dream omitted) | ||||||
| Sour Diesel | −0.297** (0.084) |
|||||
| Green Crack | 0.493** (0.145) |
|||||
| Bubba Kush | 0.311 (0.161) |
|||||
| Purple Kush | −0.195 (0.158) |
|||||
| Constant | 12.77** (0.247) |
11.86** (0.361) |
11.97** (0.434) |
9.58** (2.078) |
10.10** (1.119) |
10.86** (0.379) |
| Total Observations | 3,802 | 1,154 | 1,164 | 454 | 648 | 382 |
| Imputed Observations | 1,548 | 457 | 458 | 190 | 290 | 153 |
| For Legalization, Monte Carlo error on: |
||||||
| Coefficient | 0.011 | 0.015 | 0.017 | 0.027 | 0.041 | 0.011 |
| p value | 0.009 | 0.064 | 0.008 | 0.002 | 0.093 | 0.035 |
| F stat† | 62.96 | 32.61 | 46.57 | 33.60 | 7.09 | 42.46 |
| Prob>F | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
Note. Dispensary clustered standard errors in parentheses. All analyses also include dispensary-fixed effects and controls for species (Hybrid, Indica, Sativa). Missing data handled using multivariate normal imputation (30 imputations). Analysis based on Weedmaps data.
†
F-stat degrees of freedom vary by strain as follows: All F(183,3404.1); Blue Dream F (116,991.7), Sour Diesel F (114,1020.2), Green Crack F (50,391.9), Bubba Kush F (69, 443.6), Purple Kush F (43, 333.4).
*
p<.05.
**
p<.01.