• AERO2.53+0.00 +0.00%
  • AGTK0.0134+0.0005 +3.8760%
  • AMMJ0.71+0.01 +1.57%
  • ATTBF0.09-0.00 -0.11%
  • CANN1.45+0.00 +0.00%
  • CARA14.19+0.13 +0.92%
  • CBDS2.84-0.01 -0.35%
  • CGRW1.01+0.00 +0.00%
  • CNAB0.935+0.005 +0.538%
  • DIDG0.0001+0.0000 +0.0000%
  • EDXC0.03955+0.00034 +0.87227%
  • FULL2.67+0.00 +0.00%
  • GBLX0.256149-0.000851 -0.331130%
  • GRNH0.059+0.000 +0.000%
  • GWPH102.41-0.04 -0.04%
  • HEMP0.0236+0.0002 +0.8547%
  • INCC0.0004+0.0000 +0.0000%
  • INSY9.38+0.11 +1.19%
  • LXRP0.3761+0.0008 +0.2132%
  • MCIG0.24+0.02 +8.01%
  • MJNA0.1018+0.0018 +1.8000%
  • MJNE0.79-0.05 -5.84%
  • MNTR0.95+0.03 +3.26%
  • NDEV0.405+0.004 +0.998%
  • NTRR0.07275+0.00205 +2.89958%
  • OXIS0.0985+0.0135 +15.8824%
  • PMCB0.065+0.000 +0.000%
  • PLPL0.0142+0.0006 +4.4118%
  • RSSFF0.063+0.003 +5.000%
  • SPRWF0.8725-0.0128 -1.4436%
  • SRNA0.1118-0.0132 -10.5600%
  • STEV0.0022-0.0002 -8.4097%
  • TRTC0.252-0.006 -2.326%
  • TURV0.30+0.01 +1.69%
  • TWMJF6.9934-0.0566 -0.8028%
  • XXII2.18+0.04 +1.87%
  • ZDPY0.86-0.04 -4.44%
  • AUDUSD=X0.7857
  • USDJPY=X110.7400
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Mass.BrooklineFormerBankNowDispensaryImageShihoFukadaNYTimes

A Real Estate Boom, Powered by Pot

From Monterey, Calif., to Portland, Me., the new industry is reshaping once-blighted neighborhoods and sending property values soaring.

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.

Legalized marijuana has already upset societal norms, created a large legal gray area and generated a lucrative source of tax revenue. Now it is upending the real estate market, too.

Read More at NYTimes.com



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