Recreational drug prices are immune to inflation
Recreational drug prices are not immune to inflation or market shocks; evidence shows that illicit and legal substance prices fluctuate in response to economic conditions and regulatory changes.
The claim that recreational drug prices are immune to inflation is contradicted by empirical evidence showing price volatility, tax impacts, and market-driven fluctuations for both illicit and legal substances.
Price O, Man N, Sutherland R, Bruno R, Dietze P, Salom C, Agramunt S, Grigg J, Degenhardt L, Peacock A. Disruption to Australian heroin, methamphetamine, cocaine and ecstasy markets with the COVID-19 pandemic and associated restrictions.. 2023. https://doi.org/10.1016/j.drugpo.2023.103976
Demonstrates that illicit drug prices fluctuate significantly in response to market disruptions such as the COVID-19 pandemic.
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Park H, Yoon DW, Yang Q, He Y, Han B, Shi Y, Shang C. Recreational cannabis excise taxation in the USA: Constructing a comparable tax measure for empirical analysis.. 2024. https://doi.org/10.1016/j.drugpo.2024.104630
Shows that recreational cannabis prices have decreased significantly over time rather than remaining immune to economic shifts.
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