Cannabis-Friendly Cities See Higher Home Prices Says New Study

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A new study looked at the price of marijuana and how much tax revenue a city could gain by legalizing weed.. Here’s how much marijuana costs in cities across the country. See more findings.

Marijuana legalization cultivates higher home prices in states where pot is illegal. At the recent 67th annual National Association of Real Estate Editors conference, one of the chief topics up for discussion was real estate appreciation, and the common denominator found in each market; legalized recreational marijuana.

The project began with a case study. cities and zip codes are in the Northeast. “The exposure of the New Jersey shore is incredible,” McAlpine said. “It takes you back a little bit when you look at.

The post Will Legal Marijuana Give Home Prices a New High? appeared first on Real Estate News and Advice – realtor.com.. Home prices tend to be higher in the roughly 60 Colorado cities and.

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"For the past three years, the DEA has failed to take any steps to follow through on its promise to facilitate clinical cannabis research, and today’s announcement makes it clear that this foot-dragging will continue," NORML Executive Director Erik Altieri said.

“There’s not that much inventory at the luxury price point, especially at the higher end. t be surprising to see a few more of these high-end sales soon.” The Redfin analysis tracks home sales in.

That can create acute shortages in rental housing, which can drive prices higher than they would have been otherwise. But a new study of San Francisco, by Stanford Graduate School of Business professors Rebecca Diamond and Tim McQuade , and Stanford economics PhD student franklin qian , finds that rent control creates both winners and losers.