420 with CNW – Study Finds Proximity to Cannabis Dispensaries Increases New Home Prices
A recent study whose findings were published in the Contemporary Policy journal shows that prices of new homes jump by up to 7.7 percent in case a cannabis dispensary opens close to those homes. The researchers compared the data for new homes in Denver, Colorado that were within quarter a mile, half a mile and three-quarters of a mile from a newly opened dispensary. The researchers discovered that the biggest increase (7.7 percent) in price occurred in the price of homes that were within quarter a mile from the cannabis dispensary. The homes that were within half a mile (but…

















