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Tips for cannabis business owners facing sky-high real estate costs

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The “green tax” levied on many marijuana companies often sprouts like a weed in the real estate business.

That’s because some landlords charge a premium when leasing to marijuana businesses, according to cannabis industry officials.

Landlords, these officials note, often are under the impression that everyone in the marijuana industry is getting rich – and has money to burn.

“Landlords see cannabis executives coming from a mile away,” quipped Kevin Bush, chief financial officer for Denver-based Sweet Leaf Madison Capital, which provides funding to marijuana companies.

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But getting rich in the cannabis industry is far from a sure bet – especially these days.

In mature markets such as Colorado, for example, real estate prices have skyrocketed in the past few years. Wholesale cannabis prices, meanwhile, have gone in the opposite direction.

That one-two punch is making it harder for marijuana companies to pay rent – much less purchase

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Marijuana Business Daily

Delta-8 THC operator wins 4th copyright battle in a row

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This free resource offers practical business tips and valuable insights from cannabis extraction professionals to help plan or scale your extraction or processing operation with confidence.

Inside the MJBizDaily Extraction Buyers Guide: In-depth guidance for planning a CBD extraction business Best practices in sourcing solvents + solventless materials Lessons in shopping for extraction/processing equipment Tips for outfitting a facility for psilocybin mushroom extraction And more!

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Michigan’s top marijuana regulator is departing agency

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Business leaders need reliable industry data and in-depth analysis to make smart investments and informed decisions in these uncertain economic times.

Featured Inside:

  • 200+ pages and 50 charts with key data points
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    Stay ahead of the curve and avoid costly missteps in the rapidly evolving cannabis industry.

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    Curaleaf takes 55% stake in German cannabis company for 19.7 million euros

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    U.S. marijuana multistate operator Curaleaf Holdings signed a deal to acquire a 55% stake in German medical cannabis producer and distributor Four 20 Pharma.

    Curaleaf’s strategic partnership with Four 20 allows it “to acquire complete control of Four 20 Pharma within two years of the commencement of adult use in Germany,” according to a news release.

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    The deal is worth 19.7 million euros ($20.4 million), according to a regulatory filing.

    Four 20 has more than 10% market share in Germany’s existing medical cannabis market, Curaleaf said.

    Germany has started the process of legalizing recreational cannabis, but many key details about the future market remain in question.

    Curaleaf estimated that the German market could be worth nearly 1 billion euros by the end of 2024 following adult-use legalization.

    The Massachusetts-based MSO acquired European medical marijuana company Emmac Life Sciences last year.

    Curaleaf expects the deal with Four 20

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