The commercial real estate market in South Florida could be missing out on investment opportunities as long as recreational marijuana stays illegal. Medical marijuana was legalized in 2019, expanding options for patients as more cannabis companies leased space across Florida.
With a state population of 22 million and more than 6 million just in South Florida, according to the U.S. Census, there could be potential retail and medical office investment and other business opportunities if recreational use were to be legalized. That’s according to Ryan George, CEO of 420 Property, a resource for cannabis business assets, financial products and real estate.
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