If you’re wondering what cannabis legalization will do your property value, the answer is not much. You might find it interesting that in some cases that property values have increased in areas with dispensaries close by.
Research by the NAR (National Association of Realtors) found that it has been fairly easy to sell a home where cannabis has been cultivated. In most cases, it did not deter people at all from buying a home.
In addition to buying and selling a home near a dispensary, rental properties haven’t been affected much either. It all would depend on the property owner. In fact, in states that have legalized cannabis, most property managers will allow their tenants to grow or smoke marijuana. However, there are still some landlords that are against it and continue to enforce pre-existing laws.
So if you are looking to sell, and have done a little cultivating or smoking bud in your home, there is a very good chance that this will not affect whether your house will sell or not.