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CNN looks at legal marijuana and housing

CNN Money ran a story looking at the impact of legal marijuana on housing in Denver. 

Excerpt:

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.

Read the rest here.
 

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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