Finding The Right Green Zone Property
Finding Your Ideal Green Zone Real Estate – The Search For Marijuana Properties or Businesses
Properties zoned for cannabis cultivation, manufacturing, dispensaries, warehouse, greenhouse, processing facilities, farmland, retail space, extraction & distillation facility are referred to as green zone real estate.
Many real estate firms, realtors and agents are focusing on cannabis properties and individuals investing by acquisition and development of commercial real estate properties and establishing portfolios in green zone real estate and the cannabis industry.
Many are using commercial real estate business to get into the cannabis boom and getting into the cannabis business to build wealth.
There are important steps that every individual getting involved or investing in green zone real estate should follow:
1- Finding your ideal green zone real estate is one of the most important steps in starting a marijuana business.
2- Geographical location of your marijuana facility/property is important as municipalities in legal states and jurisdictions have the option to allow or not allow any type of cannabis businesses.
3-The zoning district in any municipality and the type of building/facility you look for will be dependent on the type of facility you are choosing to operate.
The Medical Marijuana Facilities Licensing Act (MMFLA) has just been enacted in December of 2016, and legal states such as California, Oregon, Washington, Nevada, Arizona, New Mexico, Michigan, Alaska, Hawaii, Ontario, Quebec, British Columbia, Maryland, Georgia, New York and many other jurisdictions green rush has officially began.
Now that those states and provinces have passed recreational marijuana use laws, this is the best time to get involved in cannabis rush.
After deciding what type of marijuana business you want to run, the most important step of getting started is finding your “Green Zone” property. Or more specifically, the perfect property of marijuana real estate for your business.
Finding Municipalities that have opted into the MMFLA
The first in owning and operating a marijuana facility in any legal jurisdiction is finding the municipality in which you want to operate in. This requires a little bit of research both on the geographical area that is best suited to your business model and of course understanding the ins and outs of the marijuana laws in that specific city.
Since the inception of the MMFLA, each municipality has had the option to whether opt into the the act and allow medical marijuana businesses to operate in their city or not.
Having an Understand of the Zoning Restrictions in the Municipality of Your Choice
This is an important step in the creation of your marijuana business. After having done your research into the laws of the city/municipality you choose to operate in, your next crucial task is comprehending and adhering to that city’s zoning ordinance.
The zoning ordinance is created by the city and outlines which facility types can be located in each zoning district. Facilities located in the wrong zoning area will cause your license application to be denied at both the state and city level.
Zoning ordinances also present specific buffers restricting dispensaries, prohibiting any facility within a certain distance from public parks, places of worship, school zones and in many cases this buffer also prevents dispensaries from being within a certain distance of each other.
Choosing a “Green Zoned” Property
Understanding the Marijuana Facilities and Zoning ordinance, your last step would be locating a property that meets your needs and is in compliance with both state and local city cannabis laws.
Finding your ideal green zone is imperative for the success of your medical or recreational cannabis business.
