What Marijuana Legalization Could Mean for Canada’s Real Estate Market

Article by Falice Chin, CBC News


Imagine if every Canadian adult was allowed to grow marijuana at home. What would this do to our real estate market?

The answer depends on who you ask.

In Colorado, where pot has been legal since 2014, homeowners can keep up to half a dozen pot plants indoors — and in that’s causing a “green boom” in cities like Denver.

“A lot of people are into the grow-your-own movement out here in Colorado and most of my people are growing cannabis for medical use,” said Rona Hanson, a longtime realtor in Denver who runs a grow-friendly listing called Need Room to Grow.

“I find houses that have areas in them or spaces that people can have small home gardens, whether it’s for growing cannabis or just doing herbs or whatever they like,” said Hanson, adding homes with proper greenhouses tend to sell more quickly.

“We have 120,000 people moving to our state each year for reasons that include the cannabis freedom that we have.”

Read full article here.

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