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New marijuana bill could benefit Arizona’s real estate market


PHOENIX — A new bill that would legalize the use of recreational marijuana in the state of Arizona could benefit the state’s real estate market. According to the Phoenix Business Journal, Arizona could see an uptick in its real estate market if HCR ...


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PHOENIX — A new bill that would legalize the use of recreational marijuana in the state of Arizona could benefit the state’s real estate market. According to the Phoenix Business Journal, Arizona could see an uptick in its real estate market if HCR 2037 passes on the upcoming 2018 ballot. With the addition of potential marijuana-related businesses taking up space, Arizona could decrease its vacancy rateLast year, the state had a 19.5 percent rate compared to Colorado’s — who legalized marijuana back in 2012 — 14.4 percent rate.

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