This study documents how the changing legal status of marijuana has impacted mortality in the United States over the past two decades. We use a difference‐in‐difference approach to estimate the effect of medical marijuana laws (MML) and recreational marijuana laws (RML) on fatalities from opioid overdoses, and we find that marijuana access induces sharp reductions in opioid mortality rates. Our research corroborates prior findings on MMLs and offers the first causal estimates of RML impacts on opioid mortality to date, the latter of which is particularly important given that RMLs are far more expansive in scope and reach than MMLs. In our preferred econometric specification, we estimate that RMLs reduce annual opioid mortality in the range of 20%–35%, with particularly pronounced effects for synthetic opioids. In further analysis, we demonstrate how RML impacts vary among demographic groups, shedding light on the distributional consequences of these laws. Our findings are especially important and timely given the scale of the opioid crisis in the United States and simultaneously evolving attitudes and regulations on marijuana use. (JEL I18, K32, H75)

We evaluate the effect of medical and recreational dispensary openings on housing prices in Denver, Colorado. Using an event study approach, we find that the introduction of a new dispensary within a half‐mile radius of a new home increases home prices by approximately 7.7% on average. The effect diminishes for homes further from new dispensaries but is consistent over time. Our results provide important and timely empirical evidence on the socioeconomic impacts of marijuana legalization. (JEL R32, R38, R5)

No abstract

This report estimates the economic impacts on the Wyoming economy from investments made by the Wyoming Landscape Conservation Initiative (WLCI) on conservation and restoration projects. The WLCI has been working in southwestern Wyoming since 2007 to coordinate science and management decisions among government and private entities that invest in conservation projects aimed at restoring and enhancing wildlife habitat. These investments support jobs and generate business activities within the Wyoming economy. WLCI conservation and restoration projects occur on both publicly managed and privately owned lands and are supported by leveraging funds from Federal bureaus, Wyoming State and local government agencies, and private contributions. During 2007-2018, the WLCI invested a total of more than $69,100,000 (in 2018 dollars) on conservation projects within the State of Wyoming. These pooled funds have been used to purchase conservation easements and hire business contractors to complete restoration projects, with 98 percent of project funds awarded to Wyoming-based businesses. Including both direct and secondary effects, the U.S. Geological Survey estimates that local spending on these conservation and restoration projects during 2007-2018 supported an estimated 1,055 job-years (the number of annualized full-and part-time jobs generated or supported),

Water Availability Reporting System pasture and recreation provides a foundation for assessing tradeoffs that occur with future surface water management and the joint production of forage and habitat. Improved monitoring and research related to the joint production of forage and habitat on flood-irrigated pasture and better collection of recreation use visitor data in the basin would further the ability to enhance the joint production of goods and services from surface water use.