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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