Marijuana Real Estate Report
I don’t know how this report fell into my lap, but its an interesting read!
A new report was just published by Integra Realty Resources, named the Marijuana Real Estate Report, Commercial Real Estate Trends 2018. The advent of legalized marijuana, for both medical and recreational purposes has begun to impact the real estate market, commercially and residentially. The Report shows projected U.S. Cannabis Retail Sales, from the year 2016 until 2021, showing MI (Marijuana Industry) in the billions with numbers increasing almost exponentially.
“Various MI publications expect substantial employment growth ranging from 14% to 21% compounded annually through 2021.”
Also, the reports show a surge of employment in MI, especially now that California was going Recreational come, January 1, 2018. Various MI publications expect substantial employment growth ranging from 14% to 25% compounded annually until 2021. Compounded Annually until 2021? Can you only imagine!
The U.S. support for legalizing marijuana hits a all time high, while a CBRE market study for Denver indicated that the average lease rate was $14.19 per square foot per annum, two (2) or three (3) more times more then the typical warehouse lease rate. CBRE Group, Inc. is the largest commercial real estate services and investment firm in the world. It is based in Los Angeles, California and operates more than 450 offices worldwide and has clients in more than 100 countries.
“People say you can abuse marijuana. Well shit, you can abuse cheeseburgers too, you know? You don’t go around closing Burger King because you can abuse something.”
Give thanks to the most high. You do know, you do know that they don’t want you to have lunch. I’m keeping it real with you, so what you going do is have lunch. Another one.
Egg whites, turkey sausage, wheat toast, water. Of course they don’t want us to eat our breakfast.
It took me twenty five years to get these plants, twenty five years of blood sweat and tears, and I’m never giving up, I’m just getting started. The other day the grass was brown, now it’s green because I ain’t give up. Never surrender.