If you’re looking for a property to lease, it is important that you find the right one. You need to make sure that it meets your needs and requirements so that you are able to get the most out of your investment. That said, how do you go about finding the perfect property?
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Start by looking for properties that are right in the heart of your cannabis industry. This will make it easier on you to find people who want to work with you and invest their time into helping you grow your business.
Make sure that the property is close enough so that customers can easily visit but not too close where there may be negative effects.
When looking at properties, make sure that they are safe to operate your business in and have the necessary zoning permits. You want to be able to move as quickly as possible with all of this so you can start turning a profit sooner rather than later.
You will want to be able to look at the space and think about how you would use it. What are your plans? How can you make this place work for what you need?
It is important that when looking at a property, they have all of the necessary amenities in order to support employees like having parking and bathrooms.
The property should be located in a safe neighborhood with lots of foot traffic, as well. Your employees will need to have access to transportation routes for deliveries and pickups, so it is important that the location they are looking at meets these guidelines.
It’s also crucial that you take into consideration both your personal preferences as well as those of your potential employees when you are looking at properties.
The property should be located in a safe neighborhood with lots of foot traffic, as well. Your employees will need to have access to transportation routes for deliveries and pickups, so it is important that the location they are looking at meets these guidelines.
The property should also be located near public transportation for employees who do not have a vehicle. Cannabis is still illegal in many places, and your employees will need to avoid being stopped and questioned about their business by police if they are driving around with it in the back of their car or truck.
The property itself should have a clean record. There is no sense in investing tons of capital into your cannabis business if you are going to be constantly at risk for losing everything because a judge finds out that the building has been used as an illegal marijuana dispensary before.
Cannabis real estate is a fast-growing industry with huge upside potential, and it’s not uncommon for companies to have hundreds of properties in their portfolios. This makes the process of finding that perfect property daunting. But there are ways to streamline your search and get you where you need to go without all the hassle.
One of the best places to start is your local MLS. Your real estate agent will be able to give you a list of properties that are on the market and show them to you at your convenience. It’s also worth checking out brokerages and searching for listings online, as these can sometimes offer discounts or other incentives not found in the MLS.
You can also consider hiring a cannabis real estate consultant, who will be able to provide advice for the process and help you navigate it from start to finish with minimal effort on your part. And if all else fails, there’s always good old-fashioned networking—introduce yourself at local events or connect through social media to find new people to connect with.
How do I find a cannabis property?
A property is a piece of land and the buildings on it. If you are looking for cannabis properties, we have some tips to help narrow your search:
You can start your search for cannabis properties by visiting our site. We have a map of all the recreational and medical marijuana dispensaries in Colorado, so you can easily find one near you. Once on the page, click on “Search” and type in what city or county that you live in – we will show you all the dispensaries in your area.
What advice should you take into account when finding a home for your cannabis business?
What is your monthly income?
How many employees will be working at the business location?
Is there a neighborhood association for that area of town? If so, does it have a prohibition against cannabis businesses in its bylaws or rules and regulations section (if you’re looking to lease)?
What is the size of your business (square footage)?
Is this location accessible by public transportation? If so, are there any restrictions for cannabis businesses on being within a certain distance from stops and stations?
Are you looking to lease or purchase real estate property?
If leasing: Make sure that landlords will allow cannabis businesses to occupy the space.
If purchasing: Make sure that there are no restrictions in deed covenants or homeowner association (HOA) agreements against leasing property for use as a cannabis business.
What does it mean to own property in the Marijuana industry?
“There has been a great deal of confusion around the way the current state of the marijuana industry works. The cannabis industry is headed in a very different direction than what is currently being discussed.” says one reader on the author’s blog, Marijuana Business Daily. The marijuana industry and the legal system are very much different on this front as well. There is a lot of anger and ill will towards those in the industry regarding various issues that have arisen over time. However, it seems that a lot of money has been made based upon fear among people who are concerned with how and why they can get arrested for possession or cultivation.
