Governments worldwide are increasingly concerned about the booming use of CBD (cannabidiol) products. However, we know little about the impact of their liberalization. We study a unique case of unintended liberalization of a CBD-based product (light cannabis) that occurred in Italy in 2017. Using unique and high-frequency data on prescription drug sales and by exploiting the staggered local availability of the new product in each Italian province, we document a significant substitution effect between light cannabis and anxiolytics, sedatives, opioids, anti-depressants and anti-psychotics. Results are informative for regulators and suggest that bans on light cannabis use would disregard the needs of patients to seek effective reliefs of their symptoms.

(2020). Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs [journal article - articolo]. In JOURNAL OF HEALTH ECONOMICS. Retrieved from https://hdl.handle.net/10446/236535

Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs

Principe, Francesco
2020-01-01

Abstract

Governments worldwide are increasingly concerned about the booming use of CBD (cannabidiol) products. However, we know little about the impact of their liberalization. We study a unique case of unintended liberalization of a CBD-based product (light cannabis) that occurred in Italy in 2017. Using unique and high-frequency data on prescription drug sales and by exploiting the staggered local availability of the new product in each Italian province, we document a significant substitution effect between light cannabis and anxiolytics, sedatives, opioids, anti-depressants and anti-psychotics. Results are informative for regulators and suggest that bans on light cannabis use would disregard the needs of patients to seek effective reliefs of their symptoms.
articolo
2020
Carrieri, Vincenzo; Madio, Leonardo; Principe, Francesco
(2020). Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs [journal article - articolo]. In JOURNAL OF HEALTH ECONOMICS. Retrieved from https://hdl.handle.net/10446/236535
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/236535
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