More than half of U.S. states and the District of Columbia have legalized medical marijuana in some form, and more are considering bills to do the same. Yet while many people are using marijuana.

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And yes, legalization of recreational marijuana is likely to have a big impact on home buyers, owners, and sellers. Home prices have already.

The data also suggest that only full marijuana legalization is sufficient to affect home values. In cities where only medical marijuana is legal, home values only rose at the same rate as they did in cities where marijuana was illegal. Causes and Effects. So we know that marijuana legalization has a positive impact on home values. But why?

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Prices for legal pot are competitive with the black market even though state and local taxes have to be added to the price customers pay in dispensaries, he said. Pelle and other police said the.

This effect appears to bring up the entire city’s home values at a rate higher than the national average. real estate agents can use this data to encourage home buyers that are scared off by retail dispensaries near their homes; based on the research, retail dispensaries don’t impact home values like liquor stores.

And the marijuana market in the United States is currently expected to reach $22 billion by 2022 and will. The Effect on Property Prices.

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