What Is The Impact of Marijuana on Real Estate?
Marijuana and Real Estate: A Budding Relationship
As of now, 15 states and D.C. have legalized recreational and medicinal marijuana. There are 36 more that allow for medicinal weed. Other states, such as South Dakota, legalized marijuana in the November election and are set to join the ganja party relatively soon.
For an industry that goes through constant ups and downs, the influx of cannabis could provide a small boon to real estate. The numbers indicate that legalization won’t slow down anytime soon, either. But how has the legalization of weed impacted real estate?