Credit: RYLAND ZWEIFEL/Adobe Stock The Pitfalls and Possibilities of Cannabis Legalization and Property Ownership
The purpose of the PREPARE Act is to bring together experts in the field to provide a framework for lawmakers to establish a federal regulatory system which would seek to address many issues surrounding cannabis including providing terms to access the banking system which is of critical importance.
July 28, 2023 at 10:00 AM
5 minute read
The legalization of cannabis in New Jersey has created tremendous economic opportunities for commercial and industrial property owners. Aside from the potential financial benefits, property owners should approach this newer market in a cautious manner before embarking on leasing to cannabis retailers and/or growers given the multitude of issues and concerns surrounding the cannabis industry. Property owners should be aware of some of the issues outlined below and the potential ramifications of leasing to a cannabis provider.
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