With the end of the prohibition on cannabis spreading throughout the United States, many who still believe in refer madness are searching for ways to stop the industry from expanding. One common argument used in local jurisdictions is that allowing the cannabis industry into their communities will reduce their property values.
We hear this argument whether it is a dispensary, outdoor grow, or even an indoor grow. People who are afraid of cannabis will use any argument they can to halt our progress.
The good news is that the facts don't support their claims. In this instance, Rutgers University conducted a study of property values in New Jersey and how the end of cannabis prohibition has affected them. The results? If there was a connection, it was a positive one. Property values increased and while they cannot directly attribute the increase to the cannabis industry, they can say that cannabis did not lower property values.