Real Estate

With recreational-use of marijuana set to be legalized for Californians in 2018 and with more cities in San Diego County approving medical-use, investors in the marijuana industry are snatching up properties.

Legal marijuana operations are finding space to grow and store their product by paying premium rents for warehouse space.

An Eagle Point company that provides warehouse space for marijuana growers is planning a marijuana-friendly camping and RV park near Lake Selmac in Josephine County.

"I would look and I would think to myself what can I put here? What can we do? It hit me. This could be a medical marijuana facility."

With recreational marijuana use on the verge of becoming legal in Maine, real estate brokers are seeing a jump in demand for industrial spaces that could become indoor marijuana farms in the not-too-distant future.

Real estate broker Marty Higgins disliked the head shop vibe on his trips to local medical marijuana dispensaries, so he created an upscale dispensary, Harvest on Geary Boulevard, that opened in the spring. Last week, he went even more posh, announcing the creation of San Francisco’s first private cannabis club.

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