Securing the right real estate is one of the most important factors that can lead to the success or failure of a cannabis business. In addition to considerations any business might face such as convenient locales, renovation costs, parking availability, or upholding building codes, each state and municipality often have complex additional varying statutes to comply with before receiving a license at a particular location.
This presentation will provide guidance on the process for sourcing real estate with a focus on dispensary and cultivation sites and a regional focus on the tri-state area. We will start with an overview of the legislative environments that affect real estate sourcing such as proximity rules and zoning ordinances, move into discussing the features of properties that cannabis businesses look for such as ceiling heights, power needs or demography, and finish off by discussing how to make deals happen by expounding on things such as timing, due diligence and lease contingency periods. We will also discuss examples and trends from the top cannabis real estate experts in our region.