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Created: July 15, 2021 09:01 PM
ALBUQUERQUE, N.M.- A new study shows New Mexico home values may go up following the legalization of recreational marijuana.
Something interesting that we noted was that the type of legalization actually had a huge impact, said Michelle Delgado of Clever Real Estate. So states that legalized recreational marijuana saw much bigger jumps in home values than states that only legalized medicinal marijuana or states that didn t legalize it at all.
From 2017 to 2021, Colorado s home values went up $89,377. Arizona s increased $80,558. In Texas, where recreational marijuana is not legal, home values rose $40,457 in the same time span.