The opening of marijuana retailers is positively associated with rising neighborhood home values, according to data published in the journal Contemporary Economic Policy.

They reported: “[A] new dispensary opening increases house prices by 7.7 percent for houses within a 0.25-mile radius of a dispensary relative to a control group. For houses within a 0.25 – 0.5-mile radius, the effect is slightly lower at around five percent. The treatment effect is also larger, around ten percent, for homes with no preexisting dispensaries nearby.”

See the original article at The Daily Chronic