States that legalize marijuana for recreational use unlock many economic benefits, such as rapidly increasing home values and millions in tax revenue, compared to states where it remains illegal, according to a new study from Clever Offers.

The study found that home values in states with legal recreational cannabis outpaced home values in non-legalized states by $60,327, according to an analysis of property values from 2009 to 2024. States that have approved marijuana for medicinal use saw smaller, but still substantial, gains.

States that have taxed marijuana sales also earned a collective $4 billion in tax revenue in the past year, with California collecting a whopping $1 billion in marijuana-related taxes alone.

The study’s analysis suggests that marijuana legalization can be a

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