Source: Forbes —
Across the United States, hundreds of cities, towns and counties are discussing and deciding the fate of local planning and regulatory code for the emerging cannabis industry. The results of those conversations will have a tremendous effect on billions of dollars in real estate transactions and investments over the next decade. While most people may not pay close attention to local planning decisions, the lagging effects on various industry metrics are significant, and even more so when it comes to emerging and highly regulated industries such as cannabis.
Those lagging effects can cause a significant shift in the targeted locations for real estate transactions, investor land grabs and development projects. These shifts have the potential to restrict or encourage a flood of investment dollars into local economic development where regulatory bodies have either allowed, denied or delayed zoning authorization and permitting of regulated cannabis development projects.