Marijuana dispensary
The moment when marijuana gets available at the dispensary and the revenue tax get generated, then there will be significant home appreciation. The study that was conducted by the researchers from Colorado State University shows how the home prices of the retail cannabis store increased. Their research also showed that there was an eight per cent increase in the single families that were close in the retail of conversion that established on the house prices. Therefore, the research conclusion was that legalization tends to have an impact on the costs of homes. Consequently, it makes the value of the home to get expensive to be of significant difference to those that are less expensive. The study also shows other variables such as an increase in tax revenue in the state that will make to raise funds projects such as schools. Marijuana’s liberalization has a significant impact on the provision of tax revenue that the state uses in its capital expenditure, mostly in the education sector.
The legal market that gets created establish new jobs in the dispensary and also it reduces the rates of arrest. The less expensive homes did not experience the price increase until the stores got opened. The economists found that there is a positive impact on distribution when the ballot measure gets followed. Legalization of marijuana itself led to a positive effect on the price distribution. The study said indicated that between five and fifteen per cent took place after the state enacted to the legal sale. The economists also say that mechanisms should be at work so that the big ones get accessed by the rich. The researchers also used the square root to determine the price of a house as a dependent variable so that they can account for the bias. The impact on marijuana gets felt when there is a store opened, and a large amount of marijuana sale takes place. When marihuana dispensary opens, homes closest to its increase in prices. The researchers also found that the dispensaries that are open acts as amenities whereby premiums get obtained from by the public.
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