Want To Increase The Value Of Your Home? Legalizing Weed Sparks A 41% Jump, Study Shows
Portfolio Pulse from Jelena Martinovic
A study shows that home prices in states that have legalized recreational cannabis have surged $48,983 higher in the past decade compared to other states. In 23 states and Washington, D.C. where recreational marijuana use is legal, property values have risen by $185,075 since 2014, compared to $136,092 in states without. The study was conducted by Real Estate Witch, an online publication owned by Clever Real Estate, and Leafly, a leading online cannabis discovery marketplace. Leafly Holdings Inc (NASDAQ:LFLY) highlighted the benefits of recreational sales.
November 01, 2023 | 4:29 pm
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Leafly Holdings Inc (NASDAQ:LFLY) was involved in a study showing a surge in home prices in states where recreational cannabis is legal. This could potentially boost the company's reputation and market position.
The involvement of Leafly Holdings Inc in the study could potentially boost its reputation and market position, as it shows the company's active role in researching and understanding the impact of cannabis legalization. This could attract more investors and customers, potentially leading to a short-term increase in the company's stock price.
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