3 Ways Legal Marijuana Might Affect CRE Markets

Recreational and/or medical marijuana is now legal in more than 30 states -- it's only fully illegal in eight states -- and it's reasonable to expect more will follow soon. A report from consumer research specialist IBISWorld projects the number of marijuana production, processing, and sales businesses to grow from 17,745 in 2019 to 35,649 in 2024 -- and that was before the latest spate of legalizations. The U.S. House of Representatives in December passed its latest version of legalization, and a Senate version is expected soon.