Marijuana’s Impact on Home Values

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By Eli McVey. The U.S. cannabis industry is poised to inject nearly $70 billion on an annual basis into the American economy by 2021, an eye-popping figure that underscores the broader economic impact for towns and municipalities that accept legal marijuana businesses into their communities.

Intimidation: In addition to these impacts, which are likely to be experienced by neighbors of any large-scale marijuana operation, our neighborhood has been subjected to intimidation, threatened.

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.

Marijuana plants require significant light and water to thrive. This affects utility usage, and, if not controlled, can cause mold due to the high humidity that encourages growth.

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For years, the government has insisted that marijuana is a terrible drug. A one-sheet released by President Obama’s administration, for example, states "Marijuana places a significant strain on our health care system, and poses considerable danger to the health and safety of the users themselves.

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.

The economic benefits of legalizing weed have already been apparent as the first states have moved to change their legal positions. Overall, legal marijuana could mean a big push for state.

The Impact of Legal Cannabis on Property Values. The average home price in Denver is up to $350,500, making Denver a truly seller’s market. This is ripe for hedge funds and investors to take advantage of, but everyday citizens looking to move somewhere to have access to medicine for epileptic children, for instance,

A rigorous federal research study by the National Institute on Drug Abuse offers new data on the effects of marijuana on driving performance. The exact impact of marijuana on driving ability is a.

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