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No way you can determine this in AEL. Especially using a DiD methodology.

I think their data could be confused by the concurrent rise in smartphone ownership and apps like Venmo and Cashapp making cash movements in/out of bank accounts no longer as relevant. How much "cash" enters the Venmo/Cashapp environments and just stays there? You wouldn't see as much banking activity around cash and bank transfers because now whole economies exist outside of those institutions, inside untracked apps.

I don’t know what that means?

AEL is for very short publications.

DiD is the methodology they use, which requires some pretty intricate statistical relationships.

In US legal stores, you still have to use cash to purchase, as cannabis businesses are locked out of banking. Assuming consumption is unchanged, this is likely mostly due to decreasing prices. As legalization proceeds, the risk premium is coming out of cannabis prices, even for black market providers, who have to compete with the legal sources. Ounces that you might have paid $200 for ten years ago on the black market are now $60-100 in the stores.

The study is about Canada

Venmo and Cashapp do not operate in Canada

TIL

Are the Canadian Venmo/Cashapp alternatives tracked like other banking?

It took me several years to feel comfortable walking into a pot shop

In North Carolina, not a legal state, stores are selling weed as THCA hemp. The 2018 farm bill legalized hemp products with less than .3% delta 9 THC. Weed usually has about 1-3 % delta 9 but that isn't really what's getting you high. Marijuana has high levels of THCA which turns into delta 9 when burned and that is what is getting you high. So growers have bred plants with high thcA and low delta 9. It is the greatest loophole ever. I buy real weed from the store with my credit card in North Carolina.

I've used medical dispensaries in FL and medical/recreational dispensaries in NJ. Never had an issue paying with my debit card.

If I can walk into a shop and buy it legally why would I bother dealing with shady drug dealers.

>Are the Canadian Venmo/Cashapp alternatives tracked like other banking?

In Canada we have eTransfers which are directly moving funds from one bank account to another, via email or text messages. It's all done within the bank apps, so yeah I imagine it's fully tracked.

As a Canadian I'm completely unaware of any 3rd party apps that move money around without tracking. Stuff like that typically ends up being done via crypto.

eTransfers are ubiquitous for money, there's zero competition.

I can buy legally and still choose to buy from a dealer because 1, he's not shady as is usually the case with weed dealers and 2, it's half the price

Cash only in Oregon and Washington.

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Maybe, but it could just be that they don’t want to pay the surcharge fee I’ve encountered when using my card to pay at the dispensary, if they even take it. Some here in Vegas are cash only.

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Also one thing to add, etransfers in Canada are unlimited and free. The banks likely implemented this to combat cash apps

my Gods - how many millions did they spend to work out that people tend to buy the cheapest product.....

This deserves an IGNOBEL prize

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Not in California. Haven in downtown LB accepts credit and debit.

I understand what’s being said, but I still felt like I had a stroke reading that headline

Not just cheapest, but simplest and with quality assurance.

Haha. I was there in line the day they opened. It was actually pretty fun that morning.

I hadn't had any in years and my partner had never had it (directly at least - she got hot boxed plenty, but she didn't or realize it). She was looking for pain relief and self medicating with alcohol isn't a good choice. I explained 'it really only lasts a few hours'.

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Cash only here in Colorado too. They always have an ATM in the building but you have to hand over cash.

I've been to one where you can pay with a card by handing them the card, but it will still be run as an ATM transaction. They have you enter your PIN on a PIN pad, round it up to the nearest $20, and give you change in cash even though you paid with a card. And there's still ATM fees. It was a weird round-about way of letting customers pay with a card while getting around the banking ban.

Far more often it's just an ordinary ATM sitting there.

That's the standard in New Zealand too, is it not possible in the US?

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Cannabis magic.

Was able to use debit in Illinois but Michigan ones seem to be cash only.

It’s a relevant point as to how important this research is to have any significant amount of money spent on especially if this is the only thing they looked at. Although confirming “obvious” beliefs is an important part of science.

But what struck me most about your comment is it’s hilarious you think a team of 2 social scientists relying on public grants are likely to be spending “millions”.

Idk if white market weed is actually cheaper

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This, if true, is surprising. In fact I don’t believe it.

Best bang for your buck.

You know you won't get screwed over from legal sources. Not that badly at least, and would have recourses available.

Probably people who have friends who still grow buy "black market" often, but then there's not as much selection.

If only I got an euro every time I read a another confirmation of weed that we've known for ages. It's slow work, convincing people they've just been lied to about weed. (And am not saying there are no negatives.)

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People who buy their weed at the grocery store spend less time giving hand jobs behind taco bell. There we go

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Isn't that what happened in CO? Went legal, prices low, then the State fast-tracked the taxes up to some 30%, and the black market came back?

In many markets it's getting there.

12$ 1/8 oz happy hour special is way cheaper than anything I've ever found on "the street"

And ease of access...

Stopping by a random dispensary on the way home is more likely than your "guy" living along your way home.

And relative Peace of mind knowing the product isn't being grown with unregulated use of illegal pesticides (a known issue of black/ grey market)

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I buy the most convenient option then worry about cost and quality. Rolling into a storefront is way, way more convenient than dealing with a sketchy dealer

And the one that doesn’t run the risk of life in prison, depending on your state

2-3 business days - source: trying to close my Chase account since I opened a credit union one and I’m still waiting on my money to transfer (my chase account is at zero now) to my new account 2 days later.

Fourth meal makes Taco Bell a terrible place to give handjobs behind.

Chic-fil-a is fair game after 10pm and all day Sunday though.

Non native English speaker.