Legalizing pot sales means… higher home values?

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From Forbes:

The last decade has seen a slow move toward nationwide marijuana legalization. The Pew Research Center reported at the beginning of January that 61% of Americans support marijuana legalization. An April Quinnipiac University poll put the number at 63%. There’s clear and unprecedented support for legal pot.

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But what will happen to our communities and our quality of life if marijuana is legalized? Moreover, talk is cheap: people might say they want pot legalized, but do they walk the talk, so to speak, with where they choose to live?

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Apparently, they do. According to new research published in the July 2018 issue of Economic Inquiry, legalizing retail sales of marijuana in Colorado increased housing values by about 6%—or an average of $15,600 per house…

Continue reading at Forbes


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