Advocates for marijuana legalization have long argued that prohibition has the effect of sending US dollars to foreign crime organizations. It make more sense to grow it and tax it here in the States. Now the New York Times is reporting that marijuana grow houses are being bought or rented in suburbs hit hard by the housing crisis. Are grow houses the answer to the housing crisis?
According to the Times, marijuana grown indoors can fetch twice as much as the outdoor variety. Vacant houses in over-built suburbs are the new location of choice for domestic pot growers. While marijuana’s effect on the housing market will probably never amount to much, it would be beneficial if the huge profits now going to foreign producers could go to legitimate U.S. growers, regulated and taxed by the states, instead of international crime syndicates.