Joint markets

What is it about?

Legal cannabis markets? Besides the political controversies surrounding the formation of such markets, they offer a highly fascinating site for studying processes of market (re)formation. In this paper we look specifically at how the formation of legal cannabis markets in the US is influenced by, and influences, other markets, including not only black cannabis markets, but also markets for alcohol, tobacco, prisons, banking, agricultural equipment, etc.

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Why is it important?

Besides the topicality of legal cannabis markets, this study highlights the dynamic interrelations of markets. While the systemic character of markets is well established in several research traditions, the dynamics of market systems is less well explored. This study offers a first attempt to look at the dynamic interrelation of markets by systematically attending to the various ways in which markets become associated to each other.