You are here
Home 🌿 Marijuana Business News 🌿 How legal marijuana biz is boosting Denver's housing market 🌿How legal marijuana biz is boosting Denver's housing market
Warning message
The subscription service is currently unavailable. Please try again later.Denver’s housing market is on fire. Home prices have shot up by double-digits, inventory has fallen dramatically and multiple offers with bidding wars have become common.
One factor driving the demand: pot. The budding industry has impacted home prices since the state legalized marijuana in 2012.
“There has been a huge bump in real estate prices due to the legalization of marijuana,” according to James Paine, managing partner at West Realty Advisors. “It’s massively pushed up raw land and industry prices.”
In March, Denver experienced the second-largest jump in annual home prices at 10%, just behind San Francisco, according to the S&P/Case-Shiller Home Price Index.
While the legalization of marijuana isn’t the only thing driving the market, it has contributed to job growth in the area that has people flocking to Denver.
“The pot industry is creating jobs we didn’t have before,” said Kelly Moye, a Re/Max real estate agent...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin