Cannabis Changes the Game of Real Estate – Marijuana News

Growing and processing cannabis takes up space — a lot of it.

Local businesses worry the cannabis industry is edging them out. While Oregon may still be the new kid on the legalization block, the two states that beat us to the punch, Washington and Colorado, might have a lesson or two to teach us about what’s to come.

There’s no doubt that states have benefited financially from taxing the recently legalized industry and are looking at dramatic declines in crime rates, according to a 2015 study by the Drug Policy Alliance. Oregon’s Department of Revenue started collecting taxes on recreational cannabis for the first time beginning Feb. 1, and by March 4 the state had collected $3.48 million from dispensaries statewide.

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Mohammed Alkhadher ~ EugeneWeekly.com ~