Marijuana has Lit up Denver Real Estate

Denver had the second largest increase in annual homes prices with statistics showing this increase at 10%.  This major increase on home prices and the lack of inventory are due to the legalization of marijuana in 2012.

“The pot industry is creating jobs we didn’t have before,” said Kelly Moye, a Re/Max real estate agent who has worked in the Denver area for 24 years. “It’s brand new, it adds a whole new factor to the area; you have real estate needs, housing needs, job needs.”

The marijuana industry is creating jobs for this green business, but other industries are experiencing growth as well from this legalization.  For example, HVAC companies and electricians are in high demand to service the growing operations and dispensary stores.  We can thank the booming marijuana business for companies choosing to plant their roots here, and of course the beauty of our state is an added bonus. “It’s fairly affordable, at least for now,” said Moye. “The quality of life is great and employers are bringing their employees here.” Moye said the market has room to run for five to seven years barring any major economic disasters.

Summary sourced from CNN Money

By Kathryn Vasel

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