Receivership and Distressed Cannabis Assets in California
CaliforniaReal EstateUncategorized January 10, 2020
Succeeding in the cannabis industry is not easy, especially in California. Complex regulation, high taxes, expensive real estate, and competition with the black market are just a handful of factors that challenge cannabis businesses. The majority of players lack sufficient reserves and agility to stay in the game. Due to the substantial upfront costs required…
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Cannabis Real Estate Leases Part 2: Lease Audits and Lease Abstracts
Real EstateUncategorized January 4, 2020
In a cannabis business, like most other businesses, “location, location, location” means everything and dictates whether you have the optimal growing, manufacturing, processing, or retail location. Once you find your perfect location, having a great lease and understanding your lease are two crucial parts in solidifying this important business foundation. In this post, I share…
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California’s New Housing Laws and Cannabis in Residential Leasing
CaliforniaReal EstateUncategorized October 23, 2019
Recently, Governor Newsom signed 18 bills aimed to combat the housing crisis in California, including the Tenant Protection Act of 2019. The California Association of Realtors argues this new statewide rent control law will “impose onerous standards upon small property owners and, in turn, exacerbate the state’s housing crisis.” When I spoke at the California Association…
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Hemp is Driving Real Estate Action and It’s Not Just Farms
HempOregonReal EstateUncategorized October 2, 2019
It’s common to see articles these days related to the positive economic impacts of hemp legalization. Most of these articles focus on job creation, opportunities for farmers, or opportunities for businesses chasing the CBD craze. One thing that has been interesting to me, though–and which seems to have attracted less attention–is the way that hemp…
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Member Blog: Borrowing for Cannabis – What You Need to Know
Marijuana Laws, Regulations, & PoliticsReal Estate September 3, 2019 0
Data Proves Cannabis Dispensaries Increase Property Values
Marijuana Industry NewsReal Estate July 1, 2019 0
Insurance in the cannabis industry is big business, and business owners need to know what policies are available and what those policies cover. Why? Because in insurance policies, like all other business contracts (e.g. leases), the risk of a business venture is divided between the contracting parties. Your insurance policies are contracts where you pay…
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Cannabis Real Estate Leases: The Roots of Your Cannabis Business, Part 1
Real EstateRecreational MarijuanaUncategorized May 31, 2019
Whether you are a landlord, tenant, or subtenant in the cannabis industry, you need a first-rate cannabis lease. The structure of the leasing relationship and the terms of the lease are key components, both for getting funds out of the primary business and mitigating your risks, of which there can be many. If you are…
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Evidence-Based Research Suggests Allowing Cannabis Storefront Retail Benefits Neighboring Property Values, Public Health and Safety
CaliforniaReal EstateUncategorized May 19, 2019
In 2016, California voters approved Prop 64, the Adult Use of Marijuana Act, by nearly 2 million votes. In addition to legalizing adult use and possession of cannabis, the law creates a statewide regulatory regime for commercial cannabis activity, but also provides discretion to local jurisdictions to prohibit or restrict such businesses. Almost 18 months…
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California Proposed Williamson Act Changes Could Expand Availability of Cannabis and Hemp Farmland
CaliforniaReal EstateUncategorized May 4, 2019
California legislators have so far proposed more than 40 new cannabis laws for the 2019 session, ranging from cannabis tax reductions to banking reforms to party buses. But one bill stands out as a potentially important change to cannabis and hemp cultivation throughout the state: SB-527 would add language to a California law known as…
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