Cannabis companies are buying commercial real estate for their businesses to a lesser degree and are choosing to lease space to a greater degree, according to a new report from National Association of Realtors.
Since 2021, the share of NAR members reporting increased purchasing over leasing by marijuana businesses dropped from 29% to 18%.
State laws have evolved to legalize the use of prescription and recreational marijuana, according to a prepared statement from Jessica Lautz, NAR deputy chief economist and vice president of research.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
