All price trends persisted after adjusting for inflation. Quadratic time trends for resin potency and value indicated minimal change from 2006 to 2011, followed by marked increases from 2011 to 2016.
Mixed-effects linear regression models were used to estimate linear and quadratic time trends, with a random intercept and slope fitted to account for variation across countries. Inflation was estimated using the Harmonised Indices of Consumer Prices. Outcome variables were potency, price and value for cannabis resin and herbal cannabis in Europe, 2006–16. Setting and participantsĭata collected from 28 European Union (EU) member states, Norway and Turkey by the European Monitoring Centre for Drugs and Drug Addiction. Past performance of a security may or may not be sustained in future and is no indication of future performance.To quantify changes in (i) potency (concentration of Δ 9-tetrahydrocannabinol %THC), (ii) price (euros/g of cannabis) and (iii) value (mg THC/euro) of cannabis resin and herbal cannabis in Europe. Investments in securities are subject to market and other risks.
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