Marijuana Initiative Driving Northern California Real Estate Boom

By:
California

A real estate boom has begun in Northern California as would-be growers anticipate the passage of the Adult Use of Marijuana Act, according to a June 4, 2016, article on AlterNet.

The act is not officially on the November ballot yet, but if California voters have the option of legalizing marijuana and they choose to do so, many people will be ready with slices of verdant marijuana-growing land from San Francisco to the so-called Emerald Triangle of Humboldt, Mendocino, and Trinity counties.

Kevin Sullivan, a real estate broker in Humboldt County, said it is like a “gold rush” right now.

“People are coming from all over the place, from different states, and they’re all buying to grow or to split the land up for multiple people to grow,” Sullivan said. “It’s pot on crack, and it’s driving prices up.”

Jim Redd, a real estate agent, said, “There are not many large ranches that go on the market, but if they do they are gone within a week.”

The staff byline designates content that has been written by a staff writer of MJINews.

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