Marijuana and Real Estate: A Budding Issue

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Highlights

  • Currently, only one to two percent of residential respondents where marijuana is legal for medical or for medical and recreational use were aware of their MLS containing a specific marijuana field.
  • One percent of members were marijuana specialists in residential real estate.
  • About one-third of members had seen addendums added to leases which restrict growing or smoking on properties.
  • More than three-quarters of members have not seen a change in residential property values near dispensaries.

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Marijuana & Commercial Real Estate

In states where medical marijuana is legal, commercial members saw an increased demand in warehouses, storefronts, and land.

Housing Opportunity Program

Programs, grants, trainings, and resources that help REALTORS® and REALTOR® associations expand housing availability and homeownership opportunities.