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5 ways marijuana legalization affects real estate

5 ways marijuana legalization affects real estate

By Amy Hoak
Published: Nov 25, 2014 9:20 a.m. ET

As marijuana becomes legal in more parts of the country, those in the real-estate industry are finding the new laws have implications for properties of every variety, from residential to industrial to retail.

Some of the issues pertain to the growing and processing of the plants; others pertain to the use of it in a rental property or one governed by a homeowner’s association. There are also some things that home buyers need to be aware of, to ensure they know what they’re purchasing.

At the same time, some real-estate professionals are using this as a business opportunity. For example, the 420MLS is a website where people can find and post marijuana business opportunities, commercial space for future “cannabusinesses,” and marijuana-friendly living spaces. Another listing site for Colorado is

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