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The study determined: "States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up. From 2017 to 2019, cities where recreational marijuana is legal saw home values increase ,337 more than cities where marijuana is illegal" after controlling for potential confounders.

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Many younger home buyers are looking to buy in areas where marijuana is legal. The study said, “States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up. The data suggests real estate investors can find blazing housing markets in cities where recreational cannabis is legalized.” The largest increase in home value can be.

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The legal history of cannabis in the united states began with state-level prohibition in the early 20th century, with the first major federal limitations occurring in 1937. Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization.In 1996, California became the first state to legalize medical cannabis, sparking a trend that spread to a majority.

"States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up," the study claimed. The highest increases in property value occurred in states where recreational cannabis has been legal the longest.

The passage of statewide adult use marijuana laws is associated with an immediate uptick in housing prices, according to an assessment published by the online service Clever Real Estate.. The study determined: "States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up.