I always give the same spiel before I bring up the topic of marijuana… and that’s to separate your emotions from your investments!
There’s no doubt that the legalization of marijuana is a sensitive subject for many people, but whether you agree with it or not, doesn’t change the fact that there’s EASY money to be made from the industry, especially in the world of real estate.
Here’s one example of the positive impact that legal weed is currently having on the housing market and how YOU can take advantage of it!
Studies show that states that have passed Proposal 1, which allows the sale and use of recreational pot, are seeing an increase in property values.
According to the numbers, this change has caused the prices of homes near dispensaries to increase as much as 8.4%!
This percentage translates to an additional $27,000 per property!
But what’s the root of this particular surge in the housing market?
One explanation is cannabis related employment growth.
As more of these retail marijuana establishments go up, they tend to add value to the nearby area because of the job opportunities and convenience they provide for people interested in the product.
This growth isn’t only limited to residential homes though…
A recent report from the National Association of Realtors shows that commercial properties have been effected by this change as well. This only makes sense.
After all, companies in the business of selling pot need a physical location to work and reach customers from, which inherently drives more traffic into the market.
The legalization of marijuana for recreational use has been in place for about 6 years now and only 11 states have approved the drug.
If you’re a current or potential real estate investor, this means that you still have plenty of opportunity to make the most out of this real estate growth.
Just think… purchasing a piece of property situated near an up and coming dispensary has the potential to boost its value close to thirty grand!
As you can see, legal pot offers more than just a recreational high.
The next time you’re investing in the market, feel free to boost your profits off real estate located near marijuana retail.
But at the end of the day, this real estate riches advice is just the tip of the iceberg.
If you’re really looking to take your real estate profits to the next level, then I encourage you to attend the upcoming Annual Wealth Summit.
Not only will a good portion of this seminar focus on real estate, but it’ll also cover many other moneymaking tactics and easy tricks for self-improvement.
Please, click here to find out more about everything that comes included with your ticket purchase.
So, what do you say?
Come join us a few short weeks from now in sunny Orlando, Florida, where you can receive face-to-face instructions on topics ranging from finance to personal development.
We’ll see you there!