A University of Iowa study found that car insurance premiums dropped in states after they legalized medical marijuana, suggesting that driving while high may not be as dangerous as driving drunk.
Cameron Ellis, professor of finance at the University of Iowa (U of I) said they studied insurance data at the ZIP code level and found states that made medical marijuana legal between 2014 and 2019 saw premiums drop by an average of $22 per driver in the first year.
“In areas that had…
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