|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$1,026||Benefits minus costs||($8,049)|
|Participants||($112)||Benefit to cost ratio||($0.01)|
|Others||$2,483||Chance the program will produce|
|Indirect||($3,473)||benefits greater than the costs||12 %|
|Net program cost||($7,973)|
|Benefits minus cost||($8,049)|
|Detailed Monetary Benefit Estimates Per Participant|
|Benefits from changes to:1||Benefits to:|
|K-12 grade repetition||$3||$0||$0||$1||$4|
|K-12 special education||$33||$0||$0||$17||$50|
|Labor market earnings associated with cannabis abuse or dependence||$18||$39||$0||$0||$57|
|Health care associated with cannabis abuse or dependence||$82||$25||$100||$41||$249|
|Costs of higher education||($117)||($176)||($54)||($59)||($406)|
|Adjustment for deadweight cost of program||$0||$0||$0||($3,979)||($3,979)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$6,168||2001||Present value of net program costs (in 2015 dollars)||($7,973)|
|Comparison costs||$0||2001||Cost range (+ or -)||10 %|
|Estimated Cumulative Net Benefits Over Time (Non-Discounted Dollars)|
|The graph above illustrates the estimated cumulative net benefits per-participant for the first fifty years beyond the initial investment in the program. We present these cash flows in non-discounted dollars to simplify the “break-even” point from a budgeting perspective. If the dollars are negative (bars below $0 line), the cumulative benefits do not outweigh the cost of the program up to that point in time. The program breaks even when the dollars reach $0. At this point, the total benefits to participants, taxpayers, and others, are equal to the cost of the program. If the dollars are above $0, the benefits of the program exceed the initial investment.|
|Meta-Analysis of Program Effects|
|Outcomes measured||No. of effect sizes||Treatment N||Adjusted effect sizes (ES) and standard errors (SE) used in the benefit-cost analysis||Unadjusted effect size (random effects model)|
|First time ES is estimated||Second time ES is estimated|
|Cannabis abuse or dependence||6||251||-0.308||0.128||17||0.000||0.187||20||-0.308||0.016|
|Grade point average||1||40||0.168||0.301||17||0.168||0.301||20||0.168||0.577|
|Externalizing behavior symptoms||4||346||-0.145||0.084||17||-0.069||0.052||20||-0.145||0.085|
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