Kathryn Vasel wrote that the legalization of marijuana in Colorado has led to a booming housing industry:

• House prices in Denver, Colorado, increased by 10% in March, the second best, behind San Francisco, out of cities across the United States.
• It’s not just tourists and patients coming for weed. The industry has created jobs in dispensaries, security, and electrician companies.
• Unsurprisingly those interested in technology have also been drawn to the state, causing Colorado to become a potential Silicon Valley like tech hotspot.
• There are some downsides. At least one seller had trouble selling their house because the neighbours grew an alarming amount of pot.
• And if more states begin to legalize it the boom might come to a halt.

Read more about the impact that the legalization is having on Colorado’s economy, and how it could potentially lead to a bust, here.

Source: CNN

Via: Marginal Revolution