420 Property

Legalized cannabis and hemp are becoming more common across the United States, which has realized an influx of a new type of tenant and purchaser into retail, industrial, and land space. Cannabis cultivators have absorbed warehouse and land space, and dispensaries have occupied underutilized Class B & C space for retail purposes. Unique challenges to commercial real estate professionals and cannabis entrepreneurs have taken shape, partially because the cannabis industry is in its infancy and lacks federal support.