What have you observed? What else, besides dispensaries, was in play?
• “The majority of respondents reported that homeowner associations have rules that place certain restrictions on smoking and growing marijuana in homes or common areas. Only around 3% answered that specific homeowner associations do allow growing or smoking in home or common areas.”
This is something I haven’t heard before. Are there any marijuana-restrictive HOAs here? I know there are rules against home-based businesses. And common areas are controlled spaces. But the NAR asked about HOA restrictions on marijuana use and growing in personal homes. Is that a thing?
• “Because marijuana is often an all-cash business, earnings from those who profit are frequently cash proceeds. About one-fifth to a quarter of landlords said they were unwilling to accept cash for rent in any instance, while about 10% said they will not take cash from an illegal federal activity for rent. Still, 42% of those in states where medical marijuana is legal answered that they would accept cash payments for rent. Among those renting where marijuana is legal for both prescription and recreational use, two-fifths said they would accept cash for rent.”
Makes sense. Money talks.
• “About half of NAR members in states where medical marijuana is legal said they had no issues leasing a property after it was previously occupied by a tenant who legally grew marijuana. (Some 35%) to 49% of those in states where both medical and recreational marijuana are legal said they had no difficulty leasing the property to a new occupant. That said, the most common problem among these properties were lingering odors, followed by moisture issues. Both matters were more common in areas where recreational marijuana has been legal for a longer period of time.”
No surprises there.
Surprises are out there, though. Realtors, do tell. I’d appreciate it.
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