In The News



Home Values Are Rising Faster in States With Legal Recreational Cannabis



States that legalize marijuana for recreational use unlock many economic benefits, such as rapidly increasing home values and millions in tax revenue, compared to states where it remains illegal, according to a new study from Clever Offers.


The study found that home values in states with legal recreational cannabis outpaced home values in non-legalized states by $60,327, according to an analysis of property values from 2009 to 2024. States that have approved marijuana for medicinal use saw smaller, but still substantial, gains.





Judge rules Colorado Springs’ attempt to put recreational marijuana sales back on the ballot against state constitution



A judge ruled Monday that an attempt by the Colorado Springs City Council to get recreational marijuana sales back on the ballot after voters approved it in the November election is unconstitutional.


According to the ruling, which 11 News received from the plaintiffs in the case, the Colorado Constitution says that municipal marijuana-related ballot items must appear on general election ballots in even-numbered years. The upcoming April municipal election does not meet those requirements.





Colorado Springs voters legalize recreational marijuana



Voters in Colorado Springs approved a measure to legalize recreational marijuana sales and rejected a competing measure that would have permanently banned them, according to final unofficial results from the El Paso County Clerk and Recorder's Office.





Colorado just released a big report on how cannabis legalization is going. Here’s what it found



As expected, marijuana-related arrests are down and tax revenue is up, but other trends are less clear.





Retail weed could help Springs rebound, but disagreements stand fast


In the wake of last year’s economic shutdowns, five states have legalized recreational marijuana over the past four months. Colorado Springs, however, has yet to find a way to allow voters to decide whether recreational sale of the substance is right for the city.



Economist: Retail Weed Could Net Colorado Springs $98 Million in Taxes



A Colorado economist believes that Colorado Springs could net almost $100 million in tax revenue if the city legalized recreational marijuana sales.