A study of home prices in Colorado and Washington state found legalization may lead to increased housing prices.
Marijuana Moment
- The study found neighborhoods saw a 7% bump in housing prices after a dispensary opens.
- “Concerns about the potential effect on crime rates and the difficulty in policing impaired driving have been cited as reasons to slow-walk the path to full recreational legalization,” the study’s authors write. “This research contributes to the discussion, providing evidence that recreational marijuana legalization (RML) has large positive spillover effects on the local housing market.”
