States that Legalize Recreational Cannabis See an Immediate Bump in Home Values Following Legalization,’ Says Real Estate Report

 · ”States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up,” reads the study. On the other hand, cities that have legalized medical marijuana also saw similar growth patterns as.

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 · Legalizing marijuana is associated with an immediate increase in housing prices, according to a new report published by the online service Clever Real Estate.. According to the study, “States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up. From 2017 to 2019, cities where recreational marijuana.

The passage of statewide adult use marijuana laws is associated with an immediate uptick in housing prices, according to an assessment published by the online service Clever Real Estate.. The study determined: "States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up.

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The study determined: “States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up. From 2017 to 2019, cities where recreational marijuana is legal saw home values increase $6,337 more than cities where marijuana is illegal” after controlling for potential confounders.

A new study from Clever Real Estate. Does legalization lead to budding industry or stoned cold housing markets? Here are the takeaways you need to know. Our findings show that in cities where.

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Four Democratic governors from states that allow for recreational pot use have written. He said last year that ‘good people don’t smoke marijuana,’ calling it ‘not the kind of thing that ought to.

While marijuana is illegal on a federal level, in recent years many states have taken steps to legalize marijuana for recreational purposes. Home values in these areas with legal marijuana have experienced a hefty bump in value, particularly over the last two years. "States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up," read the study’s findings. "From 2017 to 2019, cities where.