Would you rather buy marijuana where the “cool marine air blankets the Mendecino coast to give the lush marijuana plants a fresh taste” or from “the concrete jungle of Denver? Which do you choose and which choice will the consumer make? How will this impact Colorado real estate? What should you do if you are in the industry? Will certain areas be impacted more than others?
Colorado is at a tipping point for marijuana. There will be far ranging impacts to the marijuana industry as more states come online like California. Although Colorado had a first mover advantage, Colorado will no longer be the major player in the industry. What does this mean for the industry.
Read the full article I wrote for CO biz magazine: http://www.cobizmag.com/Trends/2017-The-year-pots-rocky-mountain-high-ends/
References:
- Denver water reports trace amounts of antibiotics: http://www.denverwater.org/docs/assets/40108D3F-C107-1096-FE8FF93CF96C711E/2012WaterQualityReport.pdf
- The Wall Street Journal: https://www.wsj.com/articles/mendocinos-most-promising-varietal-cannabis-with-notes-of-lavender-and-gas-1486321479
- Congressional Cannibas caucus formed: http://www.jdsupra.com/legalnews/congressional-cannabis-caucus-formed-to-59105/ : https://www.washingtonpost.com/news/wonk/wp/2017/02/17/just-how-mainstream-is-marijuana-theres-now-a-congressional-cannabis-caucus/?utm_term=.7a03ee848413
- Wine business: https://www.winebusiness.com/news/?go=getArticle&dataid=110521
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in the Colorado Real Estate Journal, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
Fairview is the recognized leader in Colorado Hard Money and Colorado private lending focusing on residential investment properties and commercial properties both in Denver and throughout the state. We are the Colorado experts having closed thousands of loans throughout the state.
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