Legalization of marijuana does not negatively impact home values, and in some cases, positively impacts home values, according to  first-of-its-kind study of Denver by researchers at the University of Wisconsin-Madison  University of Georgia and California State University.  If you don’t want to read the whole study, here are your Top Five Takeaways:

1. Property values have risen faster within 528 feet of medical marijuana shops that added or converted to recreational marijuana.
2. Home values increased 8.4 percent, an average of about $27,000, since Jan. 1, 2014, when recreational marijuana joined the medical marketplace in Denver. Overall home prices in Denver have risen 6 percent since legalization.
3. Home values located more than .1 miles away from a retail shop are not impacted positively or negatively.
4. Some underlying factors may have contributed to the increased property values in vicinities closest to dispensaries, including lower crime rates, additional amenities nearby and a surge in housing demand because of Denver’s growing marijuana sector.
5. In addition to business and sales taxes, municipalities may get an extra boost from increased property taxes.