Marijuana’s Impact on Home Values

Home values have gone up 13 percent since last year, she says, and a house under $300,000 will typically have 30 to 40 offers after an open house and on average sell for 103 percent of asking price.

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How Medical Marijuana Dispensaries Can Increase Home Values. A recent study published in the academic journal Real Estate Economics concluded that homes within 0.1 miles of Denver’s 103 marijuana dispensaries saw increased home valuations by up to 8.4%. Based on average housing prices in those areas, the value was estimated to be $27,000 for a typical, single-family home.

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Rice owns a house next door to the center, though he declined to comment other than to say that the impact of new pot growing neighbors on the value of a home can’t be quantified. "Property values are always dependent on what people will pay. It’s market driven," he said. "I’m not going to put a dollar sign on it in terms of loss or.

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Budding Industry: Marijuana’s Impact in Colorado. This month marks the fifth anniversary of the passage of Amendment 64, which legalized recreational marijuana for adult use in the Centennial State. Here’s a holistic look at where Colorado’s burgeoning cannabis scene is, five years in-and where it might be headed.

 · Only time will tell the true impact of Jamaica’s new medical marijuana industry. Because sales kicked off a little over a year ago (and commenced shortly after Canada’s legal cannabis market came online), there is still much to be seen in the.

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It seems that the government’s support has eventually had some positive impact on the economy. CHINA PROPERTY: Growth in China’s new home prices cooled in June as sales shrank for a second month,

The following are five ways real estate is affected by the legalization of marijuana. Increased industrial property explosions. One of the more popular marijuana products is hash oil, a more concentrated form of THC that you can ingest by putting it under your tongue or sprinkling it on food.