2018
Cairn
Christian Ben Lakhdar et al., « Should cannabis be legalized in France? A welfare analysis », Économie & prévision, ID : 10670/1.244317...
This article compares the current legal regime of cannabis in France, based on the Prohibition Law of 31 December 1970, with different legalization scenarios. Despite the difficulties inherent in observing an underground market, a welfare function is estimated under different legal regime scenarios. Decriminalization of consumption would increase welfare. Full liberalization of the cannabis market would generate a higher positive variation in welfare, while resolving the issue of prohibition. The economic benefit of full legalization of cannabis could be attributable not only to the creation of tax revenue but also to the saving of public resources currently allocated to repression.