Apparent demand for cannabis & hemp real estate and financial services continues to climb nationwide as many legal cannabis & hemp business owners scramble to locate properties to lease, purchase, finance or insure. Strict zoning requirements have put constraints on the supply of compliant retail, industrial, and land properties for hemp and cannabis-based business use, and not all building owners and landlords will accept medical marijuana tenants because of implied risk associated with cannabis-based businesses and moral reasons which make locating a complaint space even more challenging. Many of building owners and landlords who are “420 Friendly” are reaping the benefits of the Green Rush as they are collecting premiums on the property leases and have the upper hand in negotiations when selling a cannabis complaint property. Due to the lack of Federal support, banking and financing solutions are not easily obtainable unless obtained from a non-traditional institution which also has led to the increased difficulty of purchasing properties for many medical and recreational marijuana dispensaries and grower.
420Property.com, a “420 Friendly” real estate and professional marketplace launched in March of 2016 to assist in relieving the difficulties many cannabis-based business owners are facing when it comes to locating “420 Friendly” properties. 420Property.com is now the ‘go-to’ real estate resource in the cannabis industry and assist in locating “420 Friendly” properties for sale or lease, existing businesses for sale, business/ franchise opportunities, landlords, real professionals, real estate lawyers, property insurers, financing providers, and investors.
