Real Estate

Call it the “pot premium.” It’s driving up commercial real estate prices in the little seaside city that threw out the welcome mat to cannabis after voter approval in 2016 to legalize recreational marijuana in California.

Legal weed really doesn't mean the neighborhood will go to pot after all.

The “green rush” is on – a mad race among prospective marijuana businesses that's having dramatic effects on the local commercial real estate market.

Is it the Walmart of weed? Or the Disneyland of weed? Perhaps a little bit of both.

Located in the Jewelry District, the project will be occupied exclusively by businesses in the cannabis industry. The Santa Monica-based developers are hoping the building will help transform the neighborhood.

As the cannabis industry matures, so too will the real estate industry associated with this heavily regulated business.

Recent News Articles

Monday April 22

Mass. veterans want to expand marijuana access to help curb opioid crisis - Cannabis News

in Activism

by Bruce Kennedy - Editor in Chief

As the state’s opioid epidemic claims the lives of veterans at three times the rate…

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Monday April 22

Carl’s Jr. CBD Burgers Go Over Big in Denver - Cannabis News

in 420 Specific

by Bruce Kennedy - Editor in Chief

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Monday April 22

Michigan County says no to drug tests for employees suspected to be high on marijuana…

in Law & Crime

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The Kalamazoo County Board of Commissioners voted down a proposal to add the word “marijuana”…

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Monday April 22

Vancouver’s 60,000-strong 4/20 event still an outlaw - Cannabis News

in 420 Specific

by Bruce Kennedy - Editor in Chief

The city’s first 4/20 event since Canada’s legalization of recreational cannabis drew a record turnout…

1138 hits

Monday April 22

Generation Z Americans will be the Ultimate Cannabis Consumers - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

“They’re growing up in a world where cannabis is completely normal.”

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