Legalized Marijuana: A New Meaning to 'Going Green' in Real Estate

As the market continues on its road to recovery, many obstacles are falling by the wayside making it easier than recent years to find the right homes for the right buyers. Mortgage rates are still low and affordable, the unemployment rate has dropped, and in many areas across the country, inventory has more or less stabilized. These factors are always some of the usual suspects that have affected the lives of agents, consumers and the industry throughout the years, but are now facilitating more and more business for real estate professionals as the year progresses. Now, another offshoot lurks on the horizon, one that will almost definitely shake up the real estate game and demand some much needed clarity to the perpetual arising questions that are already flooding in. How will the legalization of marijuana affect the real estate industry?

Currently, 23 states and the District of Columbia have laws legalizing...

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