'Right now, the hottest markets are New York, New Jersey, and any new sub-market or new jurisdiction in California.'
Few areas of business have profited off of legal cannabis as much as real estate, but it's not always an easy game. In the early days of commercial pot, landlords and property owners willing to work with the federally prohibited industry were scarce. Leases paid out in cash, usually at much higher rates than the average, were the norm — and according toFounded in Colorado in 2016 by George, 420 Property now lists over 3,000 commercial cannabis properties and parcels across the country.
What are some hot real estate markets in cannabis right now, and where does Colorado rank/fit in? How are the Denver and southern Colorado markets doing? Is there more value in cannabis real estate in states with more licensees, such as Colorado, Oregon and Oklahoma, or states with fewer licensees, like Florida or New Jersey?
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