Illinois Home Values Could Increase With Legal Weed

Legal marijuana could help increase the value of houses in the state of Illinois.

Even though there are many people that are excited for legal cannabis to come to the "Land of Lincoln," several have doubts about the change in the law.

One of the big concerns is with property values. Some residents think it could have a negative effect. Well, let's do a little research.

According to inman.com,

"Homeowners who live in cities where recreational marijuana is legal can breathe a sigh of relief: Home values in those areas have grown by $6,337 more than in towns where it remains illegal."

“States that legalize recreational cannabis see an immediate bump in home values following legalization, even without retail dispensaries opening up.” 

“The data suggests real estate investors can find blazing housing markets in cities where recreational cannabis is legalized.”

This could be a nice thing for our state.

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