Cannabis Retailers In A ‘Feeding Frenzy’ To Lock Up Space Before Applications Open
Although the regulations for New York’s now-legal recreational cannabis market are still months from being announced, the race for cannabis retail real estate has already begun. Even though the rules around operating a recreational dispensary have yet to be set, would-be cannabis retailers are already securing deals for space, in some cases paying cash upfront,… Read more »
“A New Frontier For CRE: Cannabis Brokers Work To Corner The Market Before The Big Names Make A Move “
Cannabis is a new frontier for real estate, a kind of Wild West, with danger lurking but money to be made, and that has led many brokers and real estate professionals to at least consider what it would be like to get into the cannabis business. Experts caution, however, that much like the actual frontier… Read more »
Legal Marijuana May Not Be NYC’s Retail Real Estate Savior
When Gov. Andrew Cuomo signed a bill in late March to legalize recreational marijuana in New York state, many in the cannabis and real estate industries thought dispensaries and on-site consumption lounges might save New York City retail. But the reality will be much more complicated. New York’s adult-use marijuana program will be one of… Read more »