Cannabis Legalization Boosts Property Values, Study Says

Cannabis legalization in Colorado has brought the state nearly $2 billion in cannabis sales, several hundred million dollars in tax revenue, and general scholarship funds for college-bound students. It has also apparently increased property values in the city of Denver—at least in the areas near the city’s retail cannabis shops.

That’s the word from the Wisconsin School of Business at the University of Wisconsin-Madison, which earlier today released the results of a study done by Dr. Moussa Diop, an assistant professor of real estate urban land economics, along with James Conklin of the University of Georgia and Herman Li of California State University. The researchers found that legal cannabis has not impacted housing or property prices negatively, and in fact increased values near retail stores.

According to the study, single family residences within 0.1 miles of retail cannabis establishments saw an 8.4% increase

... read more at: https://www.leafly.com/news/politics/cannabis-legalization-boosts-property-values-study-says

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Cannabis Legalization Boosts Property Values, Study Says

Cannabis legalization in Colorado has brought the state nearly $2 billion in cannabis sales, several hundred million dollars in tax revenue, and general scholarship funds for college-bound students. It has also apparently increased property values in the city of Denver—at least in the areas near the city’s retail cannabis shops.

That’s the word from the Wisconsin School of Business at the University of Wisconsin-Madison, which earlier today released the results of a study done by Dr. Moussa Diop, an assistant professor of real estate urban land economics, along with James Conklin of the University of Georgia and Herman Li of California State University. The researchers found that legal cannabis has not impacted housing or property prices negatively, and in fact increased values near retail stores.

According to the study, single family residences within 0.1 miles of retail cannabis establishments saw an 8.4% increase

... read more at: https://www.leafly.com/news/politics/cannabis-legalization-boosts-property-values-study-says

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Your email address will not be published. Required fields are marked *