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Data from NM showed that most home cultivators will decrease home production of cannabis if dispensary-sourced cannabis becomes available to them. Price includes all factors
Data from NM showed that most home cultivators will decrease home production of cannabis if dispensary-sourced cannabis becomes available to them. Price includes all factors associated with acquiring a product including the price paid, search costs, taxes, and transportation. When a dispensary opens nearby, it effectively reduces the price of dispensary sourced cannabis. If home cultivators are less likely to produce if a dispensary exists nearby, what does that imply about the cross-price elasticity of demand for home-cultivated and dispensary-sourced cannabis? This means that home-cultivated and dispensary-sourced cannabis are
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