Cannabis-Friendly Cities See Higher Home Prices Says New Study

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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New Cannabis Price Index Reveals Which Cities Pay the Most for Weed. The company explained that "the aim of this study is to illustrate the. just a bit less than the $4.38/gram price in New.

Even though home values in cannabis-friendly cities increased by $6,337 from 2017 to 2019, those in areas in close proximity to dispensaries saw the biggest growth of 8% which translates to $22,888 on average more for each home from 2014 to 2019.

The budding marijuana industry is spurring new research around cannabis that will have long-term effects on a variety of fields, from farming to new medicine, as companies look fo

Recreational marijuana dispensaries boost nearby home prices, says study. Homes within 0.1 miles of a dispensary saw gains of 8.4 percent relative to houses located between 0.1 and 0.25 miles away. These weren’t new dispensaries – they were existing medical marijuana dispensaries that expanded to recreational sales when it became legal.

“There’s not that much inventory at the luxury price point, especially at the higher end. t be surprising to see a few more of these high-end sales soon.” The redfin analysis tracks home sales in.

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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.

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