(Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington

Meehan, Brian, Corey J., Rusko, and E. Frank, Stephenson. "(Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington". Journal of Regional Analysis & Policy 50, no.1 (2020): 46–53.

8 Pages Posted: 17 Mar 2021

See all articles by Brian Meehan

Brian Meehan

Berry College - Campbell School of Business; Florida State University

Corey Rusko

Independent

E. Frank Stephenson

Berry College - Campbell School of Business

Date Written: May 3, 2020

Abstract

This paper uses monthly hotel occupancy data to examine the effect of marijuana legalization on tourism in Colorado and Washington. The results indicate a large increase in hotel rooms rented in Colorado, with a considerably smaller effect for Washington. The effects are larger in both states once commercial sale is permitted above and beyond legalizing possession and individual cultivation.

Keywords: marijuana, cannabis, weed, legalization, colorado, washington, hotel occupancy, panel data, fixed effects, public policy

JEL Classification: C54, H73, R11, Z38

Suggested Citation

Meehan, Brian and Rusko, Corey and Stephenson, E. Frank, (Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington (May 3, 2020). Meehan, Brian, Corey J., Rusko, and E. Frank, Stephenson. "(Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington". Journal of Regional Analysis & Policy 50, no.1 (2020): 46–53., Available at SSRN: https://ssrn.com/abstract=3776095

Brian Meehan

Berry College - Campbell School of Business ( email )

2277 Martha Berry Hwy NW
Mount Berry, GA 30149
United States

Florida State University ( email )

Tallahasse, FL 32306
United States

E. Frank Stephenson

Berry College - Campbell School of Business ( email )

2277 Martha Berry Hwy NW
Mount Berry, GA 30149
United States

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