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Values of Homes Near Dispensaries and in Legal Marijuana States Have Skyrocketed Compared to Homes in Non-Legal States

For the analysis, they studied the association between marijuana shops and home prices in 3 states, namely: Colorado, Michigan, and Oregon. The analysts took into account the yearly increase or decrease in median house prices for homes in zip codes with cannabis dispensaries and compared them to home prices in other zip codes. They found that houses in towns with cannabis dispensaries saw a rise in home values annually worth $4,400.

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