Legal Marijuana Could Raise Home Prices To A New High

Voters in Arizona, California, Maine, Massachusetts, and Nevada will decide Nov. 8 whether or not to legalize recreational marijuana. It’s likely that the ballot initiative will pass in all five states, which could be a national game changer when it comes to housing, economics, and lifestyle. According to Realtor.com, it could potentially create 100,000 new jobs and billions of dollars in new tax revenues. A study by University of Mississippi professor Cheng Cheng shows how marijuana legalization in Colorado has given a lift to local real estate.

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