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Study: Legal cannabis boosts home values

(The Center Square) – Home values got a boost in states that allow recreational cannabis use. A new report from Clever Real Estate found states that had legalized recreational cannabis saw home prices increase at higher rates than states that didn’t. “Between April 2017 and April 2021, property values rose $17,113 more in states where recreational marijuana is legal, compared to states where marijuana is illegal or limited to medicinal use,” according to the report. Thirty-six states and Washington D.C. have legalized cannabis for recreational use or medicinal use. “In the past four years, Illinois homeowners saw property values rise by an average value of $18,000,” said Michelle Delgado, a researcher with Clever. “Legalized marijuana also brought in $52.7 million in new tax revenue.”

New report links marijuana legalization to Colorado s high home prices

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 — 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. “We 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,” Clever Real Estate Researcher and Writer Michelle Delgado said.

Legal Marijuana is Affecting Colorado s Housing Market

A new study has found that not only is the legalization of recreational marijuana affecting Colorado s housing market, but also why. The study, conducted by Clever Real Estate, determined that ever since recreational marijuana was legalized in Colorado back in 2012, the housing market has skyrocketed and has issued a report on why they believe it has. Apparently, all of the states that have legalized recreational marijuana have shown an average of a $17,000 increase in home values nationwide. Get our free mobile app We 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. First, new industries attract more jobs and employees looking for homes. Then, of course, tax revenue. These laws that are legalizing the marijuana industry bring in billions of dollars across the country in tax revenue. In Colorado, that goes entirely into education, and so people w

New report links marijuana legalization to Colorado s high home prices

New report links marijuana legalization to Colorado s high home prices
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New report links marijuana legalization to Colorado s high home prices

New report links marijuana legalization to Colorado s high home prices
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