Legalizing pot sales means… higher home values?
The last decade has seen a slow move toward nationwide marijuana legalization. The Pew Research Center reported at the beginning of January that 61% of Americans support marijuana legalization. An April Quinnipiac University poll put the number at 63%. There’s clear and unprecedented support for legal pot.
But what will happen to our communities and our quality of life if marijuana is legalized? Moreover, talk is cheap: people might say they want pot legalized, but do they walk the talk, so to speak, with where they choose to live?
Apparently, they do. According to new research published in the July 2018 issue of Economic Inquiry, legalizing retail sales of marijuana in Colorado increased housing values by about 6%—or an average of $15,600 per house…