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Landlords in older markets warm up to marijuana tenants, but premium still applies

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Few factors are more important to a cannabis company’s success than where it chooses to locate, be it a cultivator, manufacturer or retailer.

Cultivators and manufacturers should consider proximity to the markets they serve, while retailers need to think about being accessible to consumers. All plant-touching companies must consider cost and the strict zoning restrictions that local governments impose on cannabis businesses.

“The cannabis space is no different than other business. It’s all about location, location, location,” said Ryan George, CEO of 420 Property, a Sacramento, California-based marijuana and hemp real estate marketplace.

Times are a-changin’

Today’s real estate marketplace for cannabis is dramatically different than it was a few years ago.

Although cannabis business owners should expect to pay a premium, or so-called “green tax,” for real estate, those premiums amount to far less than they used to, observers said.

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“Premiums were insane in 2018,

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Florida Senate passes bill banning hemp-derived THC products

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Florida has taken another step toward banning hemp-derived products containing delta-8 and delta-10 THC in the state after the Senate unanimously passed a bill this week.

The bill now goes to the state House of Representatives, according to Tampa Bay TV station WTSP.

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Meanwhile, a House version of the measure has “yet to be taken up by its full chamber,” WTSP reported.

Products containing delta-8 THC – which is a less potent form of marijuana – has been sold in an increasing number of unlicensed stores across Florida since the 2018 U.S. Farm Bill legalized hemp.

The interest in delta-8 THC in Florida likely stems from the fact the state offers only legal medical marijuana, not adult-use products.

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Blumenauer pushes DEA to clarify timelines for marijuana rescheduling

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Oregon Democratic congressman Earl Blumenauer continues to push the U.S. Drug Enforcement Administration to reschedule marijuana and lay out a timeline for such action.

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In a Feb. 8 letter to DEA Administrator Anne Milgram, acting Chief Michael Miller, Attorney General Merrick Garland and Secretary of the Department of Health and Human Services Xavier Becerra, Blumenauer asked for updates on several time elements and the process related to the Drug Enforcement Administration’s rescheduling review, including:

The deadline to publish its draft rule on scheduling marijuana for public comment. Standard timelines for drug scheduling reviews. The date it launched the marijuana review process. How it’s incorporating state marijuana laws and regulations in its decision. How it’s communicating developments and receiving feedback from congressional

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Florida Senate advances 30% THC potency cap on adult-use cannabis

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Florida would become the third state in the U.S. to impose a market-wide potency cap on adult-use cannabis if a proposal advanced Tuesday by the Senate becomes law.

Though Florida is currently home to the country’s biggest medical marijuana market, an adult-use legalization proposal might appear on voters’ ballots in November.

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That’s pending a state Supreme Court ruling on a challenge to the measure.

Gov. Ron DeSantis recently said he expects adult-use marijuana to appear on the ballot.

The 30% THC cap on smokable flower, proposed in SPB 7050, received a favorable vote in the state Senate Health Policy Committee.

If the proposal were to pass the full Legislature and be signed into law by DeSantis, Florida would join Connecticut and Vermont as

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