Cannabis Legalization Boosts Property Values, Stud
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Posted On: 09/26/2017 11:06:12 PM
Cannabis Legalization Boosts Property Values, Study Says
“The presence of retail marijuana establishments clearly had a short-term positive impact on nearby properties in Denver,” Diop said. “This suggests that in addition to the sales and business taxes generated from the retail marijuana industry, municipalities may experience an increase in property taxes. It’s an important piece of the puzzle as more and more voters and policy-makers look for evidence about the effects of legalizing recreational marijuana, as the issue is taken up by state legislatures across the country.”
“The presence of retail marijuana establishments clearly had a short-term positive impact on nearby properties in Denver,” Diop said. “This suggests that in addition to the sales and business taxes generated from the retail marijuana industry, municipalities may experience an increase in property taxes. It’s an important piece of the puzzle as more and more voters and policy-makers look for evidence about the effects of legalizing recreational marijuana, as the issue is taken up by state legislatures across the country.”
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