Tampa, FL—As the cannabis industry grows, so does the demand for its retail space. Adaptive reuse projects, as a result, have gained traction within the industry because of their cost savings and quicker time-to-market compared with traditional ground-up construction offers.
Buildings that previously housed banks tend to be popular as they already have secure structures that comply with the cannabis industry's unique security provisions – including vaults, safes, blocked-off areas and advanced security systems – in turn requiring less of an investment from the operator to implement these requirements. With the onset of digital finance and the popularity of online banking, many banks are shutting down physical locations, creating an easy opportunity for cannabis retail to take over these locations and get business moving with minimal construction time.
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