Property Values
Studies show homeowners with recreational marijuana laws on the books are enjoy higher property values than those in areas of prohibition. The marijuana industry, specifically the growing and selling of marijuana is providing more opportunity to homeowners. A study from Clever Real Estate demonstrates property values in states with legalized marijuana are worth six thousand more than states without legalized marijuana legislation.
The study concludes that homeowners in areas with legal marijuana had an increase of of six thousand in their property values from 2017 to 2019. The appreciation was more dramatic in places where retail dispensaries were accessible.
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