Emailed in by Mombers, from the NY Times:
QUINCY, Mass. — At the edge of an industrial park in this suburb south of Boston, past a used-car auction lot and a defunct cheese factory, is an unmarked warehouse bristling with security cameras and bustling with activity. Until recently, the cinder-block structure was home to a wholesale florist, a granite cutter and a screen printer. Today, it is home to just one tenant: a medical marijuana operation called Ermont...
And because the marijuana business comes with added baggage, landlords and property owners are charging a premium for new tenants working in the cannabis business. In Quincy, Ermont is paying above market rate for the previously dilapidated 36,000-square-foot building...
Commercial real estate developers say they have never seen a change so swift in so many places at once. From Monterey, Calif., to Portland, Me., the new industry is reshaping once-blighted neighborhoods and sending property values soaring.
In some Denver neighborhoods, the average asking lease price for warehouse space jumped by more than 50 percent from 2010 to 2015, according to an industry report. In the city over all, there are five times as many retail pot stores as stand-alone Starbucks shops.
Thus neatly proving two points at once; a) legalising cannabis makes an area more attractive on the whole (so is a good thing) and b) a large chunk of the extra value generated by any business accrues to landowners.
Seeing as part of the reason for legalising is to save wasting taxpayers' money on enforcement and collect taxes from the product instead (win-win), if the government can also tap into those higher rental values via higher property tax receipts (as most US states do), it's a win-win-win.
Debate Magazine
These articles might interest you :
-
The Verdi Project: Rigoletto
In which our composer creates a sensation and changes the world of opera, forever. by Paul J. Pelkonen Tito Gobbi (with Renata Scotto) looking suitably... Read more
The 23 April 2018 by Superconductor
CULTURE, THEATRE & OPERA -
the Ship is Sinking
Mishpacha Magazine (Hebrew edition) has been running an initiative recently promoting new young couples in the Haredi community take on their own mortgages... Read more
The 23 April 2018 by Gldmeier
RELIGION, SOCIETY, SPIRITUALITY -
Flower Power: Beyond the Beauty
If we could see the miracle of a single flower clearly, our whole life would change.” – Lord Buddha. Life is a journey that is full of special moments; like... Read more
The 23 April 2018 by Meet Rv
-
Dress To Impress! 5 Dresses For Your First Date
Are you looking to make a great first impression on a new man when you show up for your first date with him? Are you conflicted as to how to dress, what... Read more
The 23 April 2018 by Meet Rv
-
A RAINY DAY in VOLCANOES NATIONAL PARK, HAWAII
In the Kilauea Iki Crater in Volcanoes National Park, HawaiiA week ago, on our trip to the Big Island of Hawaii, Art and I were hiking across what felt like a... Read more
The 23 April 2018 by Carolinearnoldtravel
TRAVEL -
Congress Has Grilled Facebook CEO with Tough Questions Over Data Misuse
Mark Zuckerberg has faced Serious Allegations on Facebook Data breaching Scandal in two days Congress testimony –as it happened. Read more
The 23 April 2018 by Ruby Mariah
GADGETS, TECH -
Video of the Week: Anatomy of the Toes
In this lesson, we will look at the anatomy of the toes. I will also discuss how your toes move, what their functions are, and which kinds of common problems... Read more
The 23 April 2018 by Ninazolotow
FITNESS, HEALTH, HEALTHY LIVING