Ancillary Economic Impact of MJ Industry Continues To Grow

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The ancillary economic benefits of the marijuana industry are extending farther and farther into the general economy.

The latest news of a financial boost comes to landlords who offer “marijuana-friendly” properties.

A few years ago, property managers weren’t often questioned whether they would allow cannabis production or use in their rental properties. But that type of inquiry has been on the rise, according to a Colorado Springs TV station.

It’s become so common that at least one such manager has added a section to rental applications.

“I ask if they want to grow, distribute or cultivate marijuana,” property manager Brad Butler told the station.

But whether that translates into an overall business benefit for rental agencies is a tough question to answer, because the cost-benefit ratio can be difficult to determine. For example, the increase in home cultivations has given rise to the concern of mold in residences where hydroponic grow operations are in use.

However, even that impact has resulted in a boost for mold-removal businesses.

Colorado Springs-based Black Label Restoration Cleaning has been called in the past to deal with mold that resulted directly from cannabis cultivation.

“It did progress into a bigger situation as marijuana was legalized,” said Rich Coleman, who owns Black Label.