Marijuana in Commercial and Residential Properties
Medical and recreational marijuana legalization has exploded throughout the country. In 2016, sales of legal marijuana in North America were nearly $7 billion dollars and, by 2021, are expected to exceed $20 billion. In states that have opted for legalization, the marijuana industry has had both positive and negative impacts on the real estate market. Marijuana industry participants, hungry for commercial real estate to grow, distribute and manufacture their products, are leasing and buying real estate at very aggressive rate and reshaping markets. Alternatively, the conflict with federal drug law and velocity of the emerging market has created uncertainty for commercial real estate owners and managers.
This presentation will address:
- Background on Medical and Recreational Marijuana
- State & Federal Laws for Medical Marijuana
- Impact on rental property management
- Marijuana on Commercial & Residential properties
Continuing Real Estate Education Credit has been applied for and 1 hour of CE is pending approval from the Minnesota Department of Commerce.
Ted Thurn, IREM National Director of Government Affairs
Zoom - Zoom information will be sent out closer to the presentation date.
12:00 - 1:00 pm | Presentation
$20 for members
$30 for non-members
Please email [email protected] if you have any questions.
$20.00 Member Registration
$30.00 Non-Member Registration