New report links marijuana legalization to Colorado's high home prices
A new study by Clever Real Estate found a link between marijuana legalization and the housing market.
By:
Micah Smith
and last updated 2021-07-20 17:08:34-04
DENVER â As home prices continue to increase throughout Colorado, a new study by Clever Real Estate found a link between marijuana legalization and the housing market.
The report looked at home values across the United States and found home values increased by $17,000 in states where recreational marijuana is legal compared to states where it is illegal or only allowed for medicinal purposes.
âWe were very interested in understanding more about why recreational marijuana has such an impact on home values. It seems to us there are quite a few factors that are intertangled here,â Clever Real Estate Researcher and Writer Michelle Delgado said.