Marijuana/Cannabis – Medical Marijuana – InsuranceNewsNet

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2022 JUL 12 (NewsRx) — By a News Reporter-Staff News Editor at Marijuana Daily — Investigators publish new report on Marijuana/Cannabis – Medical Marijuana. According to news reporting originating from Philadelphia, Pennsylvania, by NewsRx correspondents, research stated, “While many states have legalized medical cannabis, many unintended consequences remain under-studied. We focus on one potential detriment-the effect of cannabis legalization on automobile safety.”

Our news editors obtained a quote from the research from Temple University, “We examine this relationship through auto insurance premiums. Employing a modern difference-in-differences framework and zip code-level premium data from 2014 to 2019, we find that premiums declined, on average, by $22 per year following medical cannabis legalization. The effect is more substantial in areas near a dispensary and in areas with a higher prevalence of drunk driving before legalization.”

According to the news editors, the research concluded: “We estimate that existing legalization has reduced health expenditures related to auto accidents by almost $820 million per year with the potential for a further $350 million reduction if legalized nationally.”

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This research has been peer-reviewed.

For more information on this research see: Medical Cannabis and Automobile Accidents: Evidence From Auto Insurance. Health Economics, 2022. Health Economics can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell – http://www.wiley.com/; Health Economics – http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1050)

The news editors report that additional information may be obtained by contacting Cameron M. Ellis, Temple University, Fox School of Business, Philadelphia, PA 19122, United States. Additional authors for this research include Martin F. Grace, Rhet A. Smith and Juan Zhang.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1002/hec.4553. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)





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