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Cannabis Real Estate Like the 'Wild West'

Marijuana may be legalized, but the challenges navigating a new industry are tremendous.

By Kelsi Maree Borland | Updated on January 08, 2018

Jeff Rinkov Jeff Rinkov is the CEO of Lee & Associates.

Cannabis usage is officially legal in California—and demand is high for real estate to support the new industry, from retail dispensaries to industrial growing facilities. While there are ample opportunities in the space, there are also challenges ahead. Regulations and licensing guidelines are still being determined, and Jeff Rinkov, president and CEO of Lee & Associates, says that the first six months will be like the Wild West. We sat down with Rinkov for an exclusive interview about the new space and how it will impact the real estate market.

GlobeSt.com: Cannabis legalization is officially legal in California. It is early, but what are your expectations for the market this year?

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