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