LFLY - Want To Increase The Value Of Your Home? Legalizing Weed Sparks A 41% Jump Study Shows | Benzinga
Home prices in states that have legalized recreational cannabis have surged $48,983 higher in the past decade compared to other states, new research suggests.
In 23 states and Washington, D.C. where recreational marijuana use is legal, property values have risen by $185,075 since 2014, compared to $136,092 in states without, according to Real Estate Witch, an online publication owned by Clever Real Estate that connects readers with expert real estate advice. Leafly, a leading online cannabis discovery marketplace, was also involved.
Typical home values in a recreational state are $417,625, 41% higher than in non-recreational states ($295,338), the research found.
Moreover, of the 10 states with the largest increases in home values, seven have legalized recreational cannabis.
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On the contrary, of the 10 states with ...