Cannabis-Friendly Cities See Higher Home Prices Says New Study

HE SAYS REGULATIONS, FEES AND REQUIREMENTS FOR NEW. those cities challenging for buyers, the study said. Data showed the national median home price is $294,800. The median listing in price in the.

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Home prices tend to be higher in the roughly 60 Colorado cities and towns where cannabis is legal than the more than 200 where it’s not. For example, where cannabis is legal, the median sold price was $302,500 in the second quarter of 2016, according to the analysis.

Miami The second area in Florida that makes the top 10 is the Miami, Fort Lauderdale, west palm beach area, where home. big cities like pricey San Francisco) moving in, home prices in Portland are.

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Cannabis-Friendly Cities See Higher Home Prices Says New Study When people decide where they are going to end up living, their choice casts a vote and so does their money. Real estate prices are a reflection, though it isn’t always perfect, of the willingness of people to pay money for certain amenities and local policies.

New Study: How Legalizing Recreational Marijuana impacts home values. is legal, home values increased at a comparable rate to cities where marijuana is. recreational cannabis see an immediate bump in home values.

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The study is needed because of a simple rule in California: While Proposition. of marijuana and to grow it at home and consume it for pleasure, the law also gives cities and counties a strong say in how that law is. Some towns are cannabis friendly, allowing a wide range of. See where local laws allow.

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Here’s how much marijuana costs in cities across the country. "This study has revealed some incredible insights into the kind of tax revenue that legalizing weed could generate," Zeevi added. "Take New York City for instance, which has the highest consumption level in the study at 77.44 metric tons of cannabis per year.

San Diego, New. Cities’ median home price is $70,000 more than Atlanta’s, but the region’s median household income of $63,352 is roughly 20% higher, too, which helps to compensate for the price.