'With the success of the recent voter-based initiatives to legalize and regulate marijuana in both Colorado and Washington, it is obvious to most that attitudes about this often maligned substance are shifting and policy is following suit. Provided this atmosphere, academics and policy makers alike need to be seriously examining the fundamental aspects of how marijuana functions in our society … Clements' and Zhao's rigorous treatment of the subject in the context of Australian society is an ideal starting point … [The book] is not the only treatment of the subject, but it is the most comprehensive to date. While providing many useful insights into the markets for marijuana, it stimulates even more questions for further research … Policy makers and academics should find this to be an enlightening and useful text when considering how to approach policy discussions and future research regarding marijuana.' Humboldt Journal of Social Relations
List of tables; List of figures; Acknowledgements; 1. Introduction; 2. MICROECONOMETRIC EVIDENCE on MARIJUANA CONSUMPTION; 3. THE PRICING OF MARIJUANA; 4. MORE ON THE ECONOMIC DETERMINANTS OF CONSUMPTION; 5. DECRIMINALISING AND LEGALISING MARIJUANA; 6. ARE AUSTRALIANS UNIQUE?; 7. PERSPECTIVES; INDEX.