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.

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