Unemployment rate, % | 5.23 | 7.86 | 3.59 | 7.09 | 3.49 | −4.268 |
−3.605 |
−0.663 |
6,144 | 1,604 | 1,948 | 972 | 1,620 | ||||
Ln(labor force) | 9.11 | 9.48 | 9.74 | 8.38 | 8.43 | 0.258 |
0.048 | 0.21 |
6,144 | 1,604 | 1,948 | 972 | 1,620 | ||||
Ln(unemployed) | 6.02 | 6.89 | 6.35 | 5.68 | 4.99 | −0.539 |
−0.691 |
0.152 |
6,144 | 1,604 | 1,948 | 972 | 1,620 | ||||
Ln(all industry employees) | 8.76 | 9.11 | 9.42 | 8.03 | 8.07 | 0.318 |
0.035 | 0.282 |
6,144 | 1,604 | 1,948 | 972 | 1,620 | ||||
Ln(construction employees) | 6.51 | 6.50 | 6.94 | 5.94 | 6.01 | 0.436 |
0.072 | 0.364 |
4,608 | 1,416 | 1,752 | 540 | 900 | ||||
Ln(manufacturing sector employees) | 6.31 | 6.06 | 6.53 | 6.32 | 6.31 | 0.470 |
−0.007 | 0.477 |
3,936 | 1,281 | 1,503 | 432 | 720 | ||||
Ln(natural resource and mining employees) | 5.78 | 5.86 | 5.96 | 5.55 | 5.59 | 0.105 | 0.046 | 0.059 |
4,608 | 1,274 | 1,510 | 684 | 1,140 | ||||
Ln(service-providing employees) | 8.17 | 8.58 | 8.93 | 7.31 | 7.36 | 0.349 |
0.056 | 0.293 |
6,144 | 1,604 | 1,948 | 972 | 1,620 | ||||
Ln(all industry wages) | 6.59 | 6.55 | 6.67 | 6.49 | 6.59 | 0.119 |
0.097 |
0.021 |
2,048 | 527 | 657 | 324 | 540 | ||||
Ln(construction wages) | 6.76 | 6.73 | 6.84 | 6.63 | 6.71 | 0.116 |
0.075 |
0.041 |
1,536 | 466 | 590 | 180 | 300 | ||||
Ln(manufacturing wages) | 6.70 | 6.62 | 6.76 | 6.65 | 6.74 | 0.137 |
0.091 |
0.046 |
1,312 | 421 | 507 | 144 | 240 | ||||
Ln(natural resource and mining wages) | 6.87 | 6.86 | 6.98 | 6.74 | 6.82 | 0.119 |
0.081 |
0.038 |
1,536 | 419 | 509 | 228 | 380 | ||||
Ln(service-providing wages) | 6.49 | 6.44 | 6.57 | 6.40 | 6.50 | 0.125 |
0.098 |
0.027 |
2,048 | 527 | 657 | 324 | 540 |
Recreational sale | −0.566 |
0.024 (0.0334) | −0.006 (0.0332) |
Ln(number of medical patients) | 0.018 (0.2547) | −0.010 |
0.043 (0.0713) |
Observations | 6,144 | 6,144 | 6,144 |
Recreational sale | −0.035 (0.0203) | −0.120 (0.0804) | 0.137 |
−0.298 (0.1314) | 0.042 (0.0587) |
Ln(number of medical patients) | 0.001 (0.0148) | −0.502 (0.2495) | 0.097 (0.1150) | −0.010 (0.0894) | 0.007 (0.0229) |
Observations | 6,144 | 4,608 | 3,936 | 4,608 | 6,144 |
Unemployed, Labor force, and Unemployment rate ( |
Local Area Unemployment Statistics (LAUS) | |
Employees and wages |
Quarterly Census of Employment and Wages (QCEW) | |
Recreational cannabis sales |
Colorado Department of Revenue (CDOR) | |
Medical cannabis patients |
Colorado Department of Public Health and Environment (CDPHE) | |
Population |
United States Census Bureau |
Recreational sale | 0.054 |
0.065 (0.0754) | 0.094 (0.0700) | −0.007 (0.1125) | 0.035 |
Recreational sale=1 × < 70 km not-sellingmy=1 | −0.014 (0.0221) | −0.010 (0.0682) | 0.048 (0.0726) | −0.011 (0.1112) | 0.005 (0.0198) |
Ln(number of medical patients) | −0.021 (0.0153) | −0.173 |
−0.195 |
0.173 (0.1135) | −0.027 (0.0184) |
0.998 | 0.989 | 0.996 | 0.970 | 0.998 | |
Observations | 6,144 | 4,608 | 3,936 | 4,608 | 6,144 |
Unemployment rate (%) | 5.23 | 2.77 | 1.1 | 17.4 | 6,144 |
Labor force | 44,682 | 90,397 | 273 | 417,717 | 6,144 |
Unemployed | 2,268 | 5,017 | 7 | 33,083 | 6,144 |
All industry employees | 37,909 | 84,671 | 195 | 524,919 | 6,144 |
Construction employees | 2,720 | 5,099 | 14 | 24,163 | 4,992 |
Manufacturing sector employees | 2,929 | 5,427 | 10 | 21,436 | 4,512 |
Natural resource and mining employees | 802 | 1,821 | 8 | 13,120 | 5,088 |
Service-providing employees | 26,692 | 62,824 | 81 | 401,921 | 6,144 |
Amount of recreational sales | 629,296 | 2,712,311 | 0 | 35,343,772 | 6,144 |
Number of medical patients | 1,622 | 3,568 | 2 | 20,976 | 6,144 |
All industry wages | 749.06 | 200.83 | 410 | 2,102 | 2,048 |
Construction wages | 881.75 | 227.47 | 415 | 2,489 | 1,664 |
Manufacturing wages | 844.94 | 339.17 | 310 | 2,650 | 1,504 |
Natural resource and mining wages | 1,071.30 | 641.53 | 376 | 6,475 | 1,696 |
Service-providing wages | 684.91 | 216.46 | 294 | 2,619 | 2,048 |
event0:treat | −0.005 | −0.017 | −0.006 | 0.033 | 0.000 |
event1:treat | 0.008 | 0.041 |
0.028 | 0.033 | 0.009 |
event2:treat | −0.018 |
−0.018 | −0.018 | −0.020 | −0.003 |
event3:treat | 0.007 | 0.010 | 0.005 | 0.008 | 0.010 |
event4:treat | 0.011 | −0.016 | −0.002 | 0.029 | 0.015 |
event5:treat | 0.018 | 0.007 | 0.026 | 0.034 | 0.014 |
event6:treat | 0.004 | −0.010 | 0.027 | −0.011 | 0.012 |
event7:treat | 0.023 |
0.010 | 0.059 |
−0.027 | 0.020 |
event8:treat | 0.006 | 0.012 | 0.042 | 0.034 | −0.005 |
event9:treat | 0.030 |
0.033 | 0.051 | 0.025 | 0.013 |
event10:treat | 0.027 |
0.030 | 0.026 | 0.045 | 0.017 |
event>10:treat | 0.018 | 0.029 | 0.023 | 0.039 | −0.004 |
Coefficient | 0.011 | 0.009 | 0.022 | 0.019 | 0.008 |
SE | 0.0076 | 0.0239 | 0.0265 | 0.0269 | 0.0093 |
Coefficient | 0.013 | 0.017 | 0.022 | 0.026 | 0.004 |
SE | 0.0092 | 0.0314 | 0.0298 | 0.0323 | 0.0105 |
0.938 | 0.780 | 0.933 | 0.910 | 0.925 | |
Observations | 2,048 | 1,536 | 1,312 | 1,536 | 2,048 |
event0:treat | 0.382 |
0.041 |
0.113 |
event1:treat | 0.320 |
0.043 |
0.093 |
event2:treat | 0.440 | 0.041 |
0.112 |
event3:treat | 0.179 | 0.031 |
0.064 |
event4:treat | 0.192 | −0.007 | 0.025 |
event5:treat | −0.224 | −0.003 | −0.062 |
event6:treat | −0.283 |
0.001 | −0.060 |
event7:treat | −0.300 | 0.009 | −0.066 |
event8:treat | −0.373 | 0.013 | −0.087 |
event9:treat | −0.486 |
0.015 | −0.103 |
event10:treat | −0.393 | 0.016 | −0.085 |
event11:treat | −0.564 |
0.036 |
−0.105 |
event12:treat | −0.026 | 0.040 |
0.042 |
event13:treat | −0.119 | 0.038 |
0.012 |
event14:treat | 0.133 | 0.030 | 0.039 |
event15:treat | 0.058 | 0.023 | 0.014 |
event16:treat | 0.227 | −0.014 | 0.010 |
event17:treat | −0.092 | −0.014 | −0.081 |
event18:treat | −0.126 | −0.011 | −0.099 |
event19:treat | −0.246 | −0.004 | −0.137 |
event20:treat | −0.163 | −0.004 | −0.117 |
event21:treat | −0.302 | −0.003 | −0.132 |
event22:treat | −0.266 | −0.002 | −0.119 |
event23:treat | −0.411 | 0.024 | −0.140 |
event24:treat | −0.263 | 0.021 | −0.030 |
event25:treat | −0.249 | 0.023 | −0.028 |
event26:treat | 0.098 | 0.019 | 0.036 |
event27:treat | 0.143 | 0.008 | 0.029 |
event28:treat | 0.195 | −0.026 | −0.000 |
event29:treat | 0.051 | −0.017 | −0.035 |
event30:treat | 0.040 | −0.010 | −0.046 |
event31:treat | −0.024 | −0.002 | −0.069 |
event32:treat | 0.050 | −0.003 | −0.058 |
event33:treat | −0.191 | −0.003 | −0.109 |
event34:treat | −0.341 | −0.003 | −0.157 |
event35:treat | −0.524 |
0.021 | −0.200 |
event36:treat | −0.412 | 0.015 | −0.048 |
event37:treat | −0.499 |
0.019 | −0.079 |
event38:treat | −0.309 | 0.015 | −0.091 |
event39:treat | −0.266 | 0.011 | −0.096 |
event40:treat | −0.023 | −0.024 | −0.052 |
event>40:treat | 0.037 | −0.002 | −0.020 |
Combo coefficient | −0.117 | 0.010 | −0.046 |
Combo SE | 0.2257 | 0.0139 | 0.0212 |
Combo coefficient | −0.073 | 0.006 | −0.038 |
Combo SE | 0.2433 | 0.0148 | 0.0218 |
0.880 | 0.999 | 0.996 | |
Observations | 4,512 | 4,512 | 4,512 |
Recreational sale | −0.718 |
−0.014 (0.0105) | −0.078 |
Ln(number of medical patients) | −0.607 |
0.001 (0.0111) | −0.021 (0.0250) |
Ln(population) | 1.158 (2.4361) | 0.531 |
0.338 |
0.882 | 0.999 | 0.995 | |
Observations | 6,144 | 6,144 | 6,144 |
$0 < sales ≤$500,000 (0.2720) | −0.752 |
−0.009 (0.0224) | −0.066 |
Sales >$500,000 (0.2515) | −0.669 |
−0.021 (0.0251) | −0.094 |
Ln(number of medical patients) | −0.601 |
0.000 (0.0108) | −0.023 (0.0260) |
Ln(population) | 1.069 (2.4483) | 0.543 |
0.369 |
0.882 | 0.999 | 0.995 | |
Observations | 6,144 | 6,144 | 6,144 |
event0:treat | 0.020 | 0.017 | 0.010 | 0.028 | 0.024 |
event1:treat | 0.020 | 0.027 | 0.006 | 0.003 | 0.028 |
event2:treat | 0.017 | 0.033 | 0.016 | 0.020 | 0.013 |
event3:treat | 0.013 | 0.032 | 0.029 | 0.020 | 0.006 |
event4:treat | 0.008 | 0.052 |
0.030 | −0.010 | 0.008 |
event5:treat | 0.015 | 0.058 |
0.036 | 0.001 | 0.018 |
event6:treat | 0.019 |
0.050 |
0.030 | 0.006 | 0.023 |
event7:treat | 0.028 |
0.042 | 0.070 | 0.037 | 0.027 |
event8:treat | 0.025 |
0.057 |
0.077 | 0.025 | 0.026 |
event9:treat | 0.031 |
0.073 |
0.093 |
0.020 | 0.031 |
event10:treat | 0.031 | 0.093 |
0.103 |
0.036 | 0.028 |
event11:treat | 0.048 |
0.090 |
0.108 |
0.030 | 0.050 |
event12:treat | 0.052 |
0.096 |
0.123 |
0.049 | 0.052 |
event13:treat | 0.051 |
0.088 | 0.123 |
0.053 | 0.051 |
event14:treat | 0.044 |
0.072 | 0.117 |
0.069 | 0.036 |
event15:treat | 0.039 |
0.056 | 0.126 |
0.051 | 0.036 |
event16:treat | 0.030 |
0.063 | 0.140 |
0.025 | 0.028 |
event17:treat | 0.039 |
0.071 | 0.152 |
0.008 | 0.037 |
event18:treat | 0.039 |
0.063 | 0.152 |
0.002 | 0.035 |
event19:treat | 0.047 |
0.046 | 0.154 |
0.006 | 0.041 |
event20:treat | 0.044 |
0.060 | 0.160 |
0.020 | 0.038 |
event21:treat | 0.050 |
0.079 | 0.161 |
0.001 | 0.045 |
event22:treat | 0.049 |
0.080 | 0.163 |
−0.010 | 0.045 |
event23:treat | 0.066 |
0.070 | 0.158 |
0.002 | 0.066 |
event24:treat | 0.070 |
0.106 | 0.173 |
0.029 | 0.064 |
event25:treat | 0.072 |
0.090 | 0.169 |
0.013 | 0.067 |
event26:treat | 0.063 |
0.098 | 0.172 |
0.029 | 0.051 |
event27:treat | 0.062 |
0.089 | 0.175 |
0.048 | 0.050 |
event28:treat | 0.048 |
0.101 | 0.188 |
0.034 | 0.034 |
event29:treat | 0.057 |
0.112 | 0.197 |
0.012 | 0.047 |
event30:treat | 0.057 |
0.102 | 0.188 |
−0.003 | 0.033 |
event31:treat | 0.063 |
0.085 | 0.185 |
0.009 | 0.040 |
event32:treat | 0.059 |
0.093 | 0.180 |
0.019 | 0.036 |
event33:treat | 0.067 |
0.103 | 0.189 |
0.017 | 0.054 |
event34:treat | 0.059 |
0.114 | 0.197 |
0.027 | 0.060 |
event35:treat | 0.074 |
0.103 | 0.189 |
0.042 | 0.077 |
event36:treat | 0.073 |
0.122 | 0.179 |
0.065 | 0.067 |
event37:treat | 0.070 |
0.115 | 0.180 |
0.044 | 0.067 |
event38:treat | 0.066 |
0.117 | 0.184 |
0.062 | 0.055 |
event39:treat | 0.067 |
0.113 | 0.193 |
0.060 | 0.057 |
event40:treat | 0.062 |
0.123 | 0.195 |
0.071 | 0.043 |
event>40:treat | 0.076 |
0.107 | 0.171 |
0.105 | 0.054 |
Coefficient | 0.047 |
0.080 | 0.134 |
0.028 | 0.042 |
SE | 0.0145 | 0.0542 | 0.0333 | 0.0563 | 0.0188 |
Coefficient | 0.054 |
0.086 | 0.142 |
0.046 | 0.044 |
SE | 0.0154 | 0.0657 | 0.0328 | 0.0642 | 0.0204 |
0.998 | 0.989 | 0.996 | 0.970 | 0.998 | |
Observations | 6,144 | 4,608 | 3,936 | 4,608 | 6,144 |
Pop change | 0.000 |
0.000 (0.0000) |
Unrate change | 0.013 |
0.039 |
Ln(labor force change) | −0.049 (0.0497) | −0.379 (0.3405) |
Ln(Unemp change) | 0.021 (0.0256) | −0.005 (0.0554) |
Ln(All Emp change) | 0.007 (0.0345) | −0.032 (0.1537) |
Ln(Cons Emp change) | 0.022 (0.0478) | 0.026 (0.0593) |
Ln(Manu Emp change) | 0.097 (0.0839) | 0.149 (0.0926) |
Ln(NR Emp change) | 0.028 (0.0381) | 0.030 (0.0874) |
Ln(Service Emp change) | −0.002 (0.0186) | −0.122 (0.1650) |
Ln(All wage change) | 0.053 (0.0549) | 0.084 (0.1125) |
Ln(Cons wage change) | 0.022 (0.0473) | 0.019 (0.080) |
Ln(Manu wage change) | −0.009 (0.0407) | −0.028 (0.0875) |
Ln(NR wage change) | −0.011 (0.019) | −0.100 (0.0697) |
Ln(Service wage change) | −0.024 (0.0310) | −0.001 (0.1016) |
Unemployment rate | 0.009 |
0.024 |
Ln(labor force) | 0.915 | 1 |
Ln(unemployed) | 0.001 |
0.007 |
Ln(all industry employees) | 0.005 |
0.019 |
Ln(construction employees) | 0.292 | 0.638 |
Ln(manufacturing sector employees) | 0.001 |
0.007 |
Ln(natural resource and mining employees) | 0.823 | 1 |
Ln(service–providing employees) | 0.015 |
0.031 |
Ln(All industry wages) | 0.952 | 1 |
Ln(Construction wages) | 0.761 | 1 |
Ln(Manufacturing wages) | 0.594 | 1 |
Ln(Natural resource and mining wages) | 0.424 | 0.941 |
Ln(Service–providing wages) | 0.74 | 1 |
Recreational sale | −0.684 |
0.001 (0.0115) | −0.068 |
Ln(number of medical patients) | −0.621 |
−0.006 (0.0126) | −0.025 (0.0249) |
Coefficient | −0.407 |
0.008 | −0.068 |
SE | (0.2264) | (0.0125) | (0.0238) |
Coefficient | −0.339 | 0.008 | −0.060 |
SE | (0.2433) | (0.0133) | (0.0243) |
0.881 | 0.999 | ||
Observations | 6,144 | 6,144 | 6,144 |
$0 < sales ≤ $500,000 | −0.727 |
0.003 (0.0109) | −0.058 |
Sales > $500,000 | −0.630 |
−0.001 (0.0144) | −0.081 |
Ln(number of medical patients) | −0.613 |
−0.006 (0.0128) | −0.027 (0.0261) |
0.882 | 0.999 | 0.995 | |
Observations | 6,144 | 6,144 | 6,144 |
Recreational sale | −0.688 |
0.000 (0.0116) | −0.069 |
Ln(number of medical patients) | −0.618 |
−0.006 (0.0127) | −0.025 (0.0250) |
0.881 | 0.999 | 0.995 | |
Observations | 6,048 | 6,048 | 6,048 |
$0 < sales ≤ $500,000 | −0.729 |
0.003 (0.0109) | −0.058 |
Sales > $500,000 | −0.634 |
−0.003 (0.0146) | −0.083 |
Ln(number of medical patients) | −0.610 |
−0.006 (0.0128) | −0.027 (0.0263) |
0.881 | 0.999 | 0.995 | |
Observations | 6,048 | 6,048 | 6,048 |
Recreational sale | 0.043 |
0.054 (0.0552) | 0.131 |
−0.019 (0.0674) | 0.037 |
Ln(number of medical patients) | −0.022 (0.0143) | −0.175 |
−0.190 |
0.170 (0.1178) | −0.026 (0.0183) |
0.998 | 0.988 | 0.995 | 0.965 | 0.998 | |
Observations | 6,048 | 4,512 | 3,840 | 4,512 | 6,048 |
$0 < sales ≤ $500,000 | 0.029 |
0.053 (0.0489) | 0.148 |
−0.032 (0.0661) | 0.025 (0.0173) |
Sales > $500,000 | 0.062 |
0.055 (0.0677) | 0.110 |
−0.003 (0.0829) | 0.054 |
Ln(number of medical patients) | −0.019 (0.0149) | −0.175 |
−0.195 |
0.173 (0.1182) | −0.024 (0.0181) |
0.998 | 0.988 | 0.995 | 0.965 | 0.998 | |
Observations | 6,048 | 4,512 | 3,840 | 4,512 | 6,048 |
Recreational sale | −0.365 (0.3154) | −0.004 (0.0195) | −0.089 |
Recreational sale=1 × < 70 |
−0.430 (0.2864) | 0.006 (0.0183) | 0.028 (0.0311) |
Ln(number of medical patients) | −0.580 |
−0.006 (0.0132) | −0.028 (0.0258) |
0.882 | 0.999 | 0.995 | |
Observations | 6,144 | 6,144 | 6,144 |
Recreational sale | −0.003 (0.0178) | 0.007 (0.0531) | 0.011 (0.0321) | 0.036 (0.0424) | −0.004 (0.0152) |
Ln(number of medical patients) | −0.017 (0.0161) | 0.006 (0.1258) | −0.027 (0.0474) | 0.114 |
−0.010 (0.0438) |
Observations | 6144 | 4608 | 3936 | 4608 | 6144 |
Recreational sale | 0.003 (0.0148) | 0.036 (0.0288) | 0.007 (0.0214) | 0.043 (0.0368) | 0.006 (0.0135) |
Recreational sale=1 × < 70 km not-sellingmy=1 | −0.004 (0.0135) | −0.039 (0.0250) | 0.004 (0.0341) | −0.024 (0.0258) | −0.003 (0.0112) |
Ln(number of medical patients) | 0.004 (0.0113) | −0.077 (0.0476) | −0.036 (0.0306) | 0.067 |
0.002 (0.0178) |
0.937 | 0.778 | 0.932 | 0.909 | 0.925 | |
Observations | 2,048 | 1,536 | 1,312 | 1,536 | 2,048 |
Recreational sale | 0.001 (0.0101) | 0.007 (0.0265) | 0.010 (0.0197) | 0.028 (0.0318) | 0.004 (0.0127) |
Ln(number of medical patients) | 0.004 (0.0113) | −0.081 |
−0.036 (0.0271) | 0.061 |
0.002 (0.0176) |
0.932 | 0.768 | 0.932 | 0.900 | 0.919 | |
Observations | 2,016 | 1,504 | 1,280 | 1,504 | 2,016 |
$0 < sales ≤ $500,000 | 0.006 (0.0106) | 0.008 (0.0254) | 0.025 (0.0249) | 0.029 (0.0294) | 0.009 (0.0139) |
Sales > $500,000 | −0.007 (0.0119) | 0.006 (0.0338) | −0.012 (0.0196) | 0.026 (0.0384) | −0.004 (0.0134) |
Ln(number of medical patients) | 0.002 (0.0109) | −0.081 |
−0.041 (0.0280) | 0.061 |
0.001 (0.0173) |
0.932 | 0.768 | 0.932 | 0.900 | 0.919 | |
Observations | 2,016 | 1,504 | 1,280 | 1,504 | 2,016 |
Recreational sale | −0.689 |
−0.002 (0.0131) | −0.073 |
Recreational sale=1 × < 50 |
0.014 (0.3418) | 0.010 (0.0132) | 0.015 (0.0369) |
Ln(number of medical patients) | −0.622 |
−0.006 (0.0126) | −0.026 (0.0255) |
0.881 | 0.999 | 0.995 | |
Observations | 6,144 | 6,144 | 6,144 |
Month FE | |||
Year FE | |||
County FE |