Do-It-Yourself Medicine? The Impact of Light Cannabis Liberalization on Prescription Drugs
Vincenzo Carrieri,
Leonardo Madio and
Francesco Principe
No 13038, IZA Discussion Papers from Institute of Labor Economics (IZA)
Abstract:
Governments worldwide are increasingly concerned about the booming CBD (cannabidiol) products. However, little is known 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 antipsychotics. Such medical non-adherence is consistent with a self-medication interpretation. Results are informative for regulators and suggest that policies contrasting this "green oil" boom risk to disregard the effective need of patients to seek effective reliefs of their symptoms.
Keywords: difference-in-difference; marijuana; self-medication; light cannabis; prescription drugs; CBD (search for similar items in EconPapers)
JEL-codes: H51 H75 I18 K32 K42 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2020-03
New Economics Papers: this item is included in nep-hea and nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)
Published - published in: Journal of Health Economics, 2020, 74, 102371
Downloads: (external link)
https://docs.iza.org/dp13038.pdf (application/pdf)
Related works:
Journal Article: Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs (2020) 
Working Paper: Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs (2020) 
Working Paper: Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs (2019) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp13038
Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Access Statistics for this paper
More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().