Anderson Economic Group Work

Cannabis vs. road costs: Tax money unlikely to be panacea for pavement

[Crain's Detroit Business, Chad Livengood, November 2, 2018]

Anderson said his firm's analysis accounts for the elimination of a 3 percent excise tax on marijuana for medicinal purposes, the cannibalization of medical pot, and fewer consumer purchases of other goods, such as alcohol.

“When they buy cannabis products, they tend to buy less alcohol,” Anderson said.

In the past, Anderson's firm has worked for alcohol industry giants like ABInBev, Labatt Brewing Co. and Diageo. But he said the analysis of Proposal 1 was paid for by his firm, not a client.

Anderson's firm has been studying the national market for legal marijuana sales since 2015 as states have been passing laws ending decades of prohibition of the drug.

Read More