The United States’ retail cannabis industry continues exploding, and it doesn’t show any signs of slowing down. These numbers are guaranteed to change after this Tuesday’s election, but as of October 2022, 37 states have legalized some form of medical cannabis, and 19 have legalized the substance for recreational use. Now, only 3 states remain with no cannabis access laws on the books. Retail cannabis sales in the U.S. are projected to exceed $33 billion by the end of 2022. As the industry continues to boom, retail landlords have increased opportunities to diversify their retail spaces by leasing to cannabis tenants. However, with these new opportunities come unique challenges and important considerations landlords should address as they prepare to lease to tenants in this new sector of the market.
real estate
Steve Levine to Present Cannabis Update at CREJ Industrial Summit & Expo
By Shane Riedel on
Posted in General Industry
Husch Blackwell Partner Steve Levine is presenting today, September 19, at the Colorado Real Estate Journal 2017 Industrial Summit & Expo. Steve will be moderating a Cannabis Update panel that will include Chuck Smith, Chief Operating Office from Dixie Elixirs & Edibles and Paul Kluck, First Vice President at CBRE. See more info on…