420 Friendly Real Estate

by Roger Tower on September 18, 2018

When it comes to 420 friendly real estate, what should you be looking for?

Before jumping into the cannabis real estate market, we advise a thorough understanding of laws and expert advice. Here, we provide some basics before taking your first step.

1. Ensure Property is Located in the Green Zone

Firstly, you need to ensure that any property you are considering is located within the green zone that the city-in-question has approved. Green zones are areas where cannabusinesses are legally allowed to operate. Not only will this ensure you are in the clear in regards to the city, but these green zones are also usually in line with any state regulations regarding cannabis. For more information on green zones, click here.

2. Know What Your Business Needs

The type of real estate you are considering will depend on what kind of business you are planning to run. Distribution, transportation, and delivery cannabusinesses are usually easier to find real estate for, as there are fewer requirements and needs for these more standard, office-style operations. On the other hand, cultivation, manufacturing, and retail cannabusinesses are the most difficult to find real estate for, as they are the most difficult to build out physically and retail is most challenging to find a location for.

Here are some things you should consider if you are planning to open a cultivation or retail operation:

Cultivation

• Ensure the property can stand the demand for power.
• Make a note of environmental issues and necessary adjustments, as you’ll most likely be located in an industrial zone.
• Ensure there is proper ventilation.
• Ensure the property is structurally functional.

Retail

• Consider parking capacity and foot traffic, as both can be difficult if located in an industrial zone not intended for retail.
• Ensure there is proper ventilation.

Having trouble finding a home for your cannabusiness?

Once green zones are established, prices on 420 Friendly Real Estate increase as a result of supply vs. demand. That’s why our team at WeCann are dedicated cannabis license consultants who stay on top of research to find the best upcoming green zones across Southern California and staying on top of any changes.

Not only can we help you anticipate where your business will legally be allowed to operate, but we can help you find the right property for the cannabusiness operation type you’re planning on opening within those legal zones. To get in touch with us, click here.