What is likely the biggest problem for the cannabis industry is the serious issue of regulation. Many types of products are still illegal under federal law and also in numerous states and localities. What is legal in one place might not be in another.

Zoned Properties, which provides CRE services for the cannabis industry and other "highly regulated industries," has been partnering with zoning and land use data firm Zoneomics "to streamline GIS mapping and data solutions in commercial real estate for the regulated cannabis market," according to a press release. Zoned introduced a new proptech platform with geographic information system (GIS) mapping at the Benzinga Cannabis Capital Conference in Miami on Wednesday, April 20. Otherwise known as 4/20, or "weed day."

"This custom-outfitted technology has the potential to solve one of the biggest challenges in regulated commercial real estate: how to identify compliant, zoned properties that can be permitted and authorized for cannabis operations," Zoned Properties CEO Bryan McLaren said in prepared remarks.