A decision by the British Columbia Court of Appeal released last month is a reminder of the effect a marijuana grow operation (grow-op) can have on real estate and real estate values. Back in 1996, Heinz and Elfrieda Lindner were approached by their long-time friend Robert Williams, who was a licensed mortgage broker.
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Conklin and his co-authors found that after recreational marijuana sales became legal in Denver at the beginning of 2014, single-family homes located near dispensaries saw their values go up. 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.
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On 4/20, consider how living near a marijuana dispensary affects your home’s price. April 22, 2019. in Tech News. 0. SHARES. 0.. which found that single-family homes within one-tenth of a mile of a cannabis retailer increased 8.4% in value as compared with homes located slightly further away.
Will Marijuana Grow Sites Affect Neighboring Property Values? Email to a friend Permalink.. The average price for marijuana in Oregon is among the lowest in the nation at sightly over $9 per gram, according to data collected by priceofweed.com.. as well as dispensaries by transferring.
On 4/20, consider how living near a marijuana dispensary affects your home’s price MarketWatch. Contrary to popular belief, it’s good to be neighbors with Mary Jane. A new study from real-estate marketing firm Clever found that home values increased nearly.
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