How Cannabis Legalization In Arizona Offers A Forecast For Commercial Real Estate In Other Markets
From my company’s predictions, based on the roughly 200 marijuana commercial real estate projects we have seen in the state, with an average of about $1 million to $2 million per project, cannabis commercial real estate investment and development opportunities in Arizona could reach close to $1 billion in the next five years.
As more legal cannabis markets roll out, Arizona offers lessons for commercial real estate firms, developers and investors who are interested in entering the industry: 2. Commercial real estate offers an entryway into the cannabis space with less risk. Instead of spending significant capital on acquiring a license or entering a competitive license lottery, investing in real estate offers an opportunity to be involved in a variety of ways. From real estate investment trusts to companies specializing in cannabis real estate development services. There are also opportunities in property technology and franchising to look into.
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