For landlords with the right commercial space, the green premium would seem to be cash-flow heaven.
Eleven months after recreational marijuana use became legal in California and six years on from legalization in Colorado and Washington state, legal pot growers and dealers still can’t use banks the same way other businesses can.
The Sacramento-based startup makes cannabis-infused topical skin care products and for Chelsea Dudgeon, CEO and cofounder, her grandmother was “a tough sell” in the beginning.
Uncertainty over where people can consume marijuana can create significant limitations for cannabis businesses.
Mike Appezzato has only been in business for a year, but he’s already uprooting his company to move it to Sacramento.
To many consumers, the idea of edibles — cannabis-infused chocolate bars, brownies and other treats — sounds enticing. Especially considering health concerns about cigarettes have made people uncomfortable with smoke, including from marijuana.
Green zones approved for commercial cannabis are limited, and demand for commercial space has driven up property values in Sacramento. Local businesses — both cannabis-related and otherwise — are feeling the pinch.
Canna-Hub, a cannabis real-estate development firm, is planning its own massive cannabis complex in the city of Williams.
Daniel Conway, managing partner of Truth Enterprises, offers his insight into commercial cannabis real estate in the Capital Region.
Joe Devlin, chief of cannabis policy for the City of Sacramento, offers his insight into commercial cannabis real estate in the Capital Region.