The cannabis industry is heavily dependent on real estate: cannabis needs to be grown, processed, and sold, and you can’t do any of that without physical space. Marijuana remains a federally-controlled substance in the United States, creating a conflict with the laws of many U.S.» Read More
So, you’re considering applying for a marijuana retail license after the recreational adult use law is passed in New Jersey. The current version of Senate Bill No. 2703 (August 30, 2018) has several conditions that an applicant for a marijuana retail license must meet in order to have any chance of its application being approved.» Read More
Many states have passed laws legalizing medical and/or recreational marijuana use. As a result, manufacturers of marijuana will need a place to conduct their business, and commercial landlords, many of whom were suffering with high vacancy rates, are more than eager to fill the need.» Read More
In my last post, I discussed how there can be federal barriers preventing certain businesses from entering the cannabis industry, despite state legalization. Here, we discuss the importance of considering local laws.
Just like other businesses, one of the biggest, and most important, challenges a cannabis business may face is identifying a suitable location to operate. » Read More