Here’s another one of those changes no one saw coming — in states permitting medical cannabis, older persons stay on the job longer. What’s the link?
Researchers at the John Hopkins School of Public Health in Baltimore and Temple University in Philadelphia analyzed two-decades of data from the Health and Retirement Study, a nationally representative survey of Americans over 50 and their spouses, to determine the impact of medical marijuana access laws on subjects’ health and workforce participation.
Authors reported, “[H]ealth improvements experienced by both groups (older men and women) permit increased participation in the labor market.” Specifically, investigators determined that the enactment of medical marijuana laws was associated with a “9.4 percent increase in the probability of employment and a 4.6 percent to 4.9 percent increase in hours worked per week” among those over the age of 50.
They concluded: “Medical marijuana law implementation leads to increases in labor supply among older adult men and women. … These effects should be considered as policymakers determine how best to regulate access to medical marijuana.”
Medical cannabis is associated with any number of interesting facts:
Previous analyses of the impact of medical cannabis laws on various health and welfare outcomes report that legalization is associated with a reduction in obesity-related medical costs, decreased rates of opioid addiction and mortality, fewer workplace absences, and reduced Medicare costs.
You will find more detail at the original post HERE.
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