Finding the ‘Green Zone Property’: How Specialty Real Estate Agents Are Cashing in on Cannabis, Hemp & CBD Real Estate
Dealing with high rents, reluctant landlords and a shrinking pool of available properties are just a few of the major real estate problems that the cannabis industry faces today.
As marijuana has become legal in California and many other states and all of Canadian provinces and legalization brings with it rules and compliant regulations, entrepreneurs in the Golden State and all legal jurisdictions are rushing to secure farmland, industrial warehouses, retail storefront dispensaries, extraction, production, cultivation facilities and more and this has led to soaring lease and sale prices for those green zone properties.
There’s already a long list of real estate sites & directories intended to help cannabis consumers find 420 friendly properties for sale, lease or rent, from homes and apartments to vacation places and other types of accommodations listed on CBXRE.
A green zone can be defined differently in every municipality in legal states and Canadian provinces and they can be determined by a number of factors, including local ordinances or zoning regulations as well as the state’s “sensitive-use” restrictions. This require marijuana shops (dispensaries) to set up shop at least 600 feet away from schools, churches, and other designated locations. Locations that are compliant with regulations vetted by the landlords who list their properties or businesses on CBXRE.
It’s important to note that even in the so-called green zones, some property & business owners are reluctant to rent to cannabis businesses because marijuana is still illegal at a federal level and businesses worry they’ll cause irreparable damage to the space or the property reputation they’re renting or leasing.
