Green begets green – at least insofar as the California cannabis industry is concerned.
The growing legal marijuana market is driving demand for warehousing, retail and land space across the country. One analysis of some 600 commercial brokers last fall by the National Association of Realtors revealed that in states where marijuana was legalized prior to 2016, the demand for these properties was markedly higher than in those states where cannabis use remained against the law.
As our Los Angeles cannabis business attorneys have noted that real estate investors have been especially active in areas where marijuana and CBD trade is thriving. Many more investment firms have been scouring opportunities in states where legalization seems likely in the near future. Continue reading