Colorado Foreclosure filings, where are they and what does this mean for values? What is the number one driver of foreclosures?
Many counties in Colorado are now using an online auction program for foreclosure sales which…
At yesterday’s press conference, Sean Spicer said “There’s still a federal law that we need to abide by when it comes to recreational marijuana and other drugs of that nature.” In essence, the new administration is saying that they will not take the same hands off approach to marijuana that Obama took. What will actually happen? There are 5 steps everyone in the industry should take today.
Marijuana is big business in Colorado generating millions in tax revenues, jobs, real estate investments etc… so any change in federal policy could be disastrous to the industry. This will not only affect Colorado but 8 other states with recreational marijuana.
Here are some various scenarios that could happen.
The million dollar question is which of these scenarios will play out. I lean towards the blowing smoke for now since I’m not sure from a strategic perspective Trump would gain by stepping up enforcement. But with his erratic governing style there might not be a rational decision made. As a result I put together five steps that everyone in the industry should take now.
5steps to take today:
Marijuana is in the age of uncertainty with the recent statements from the executive branch. As more states were coming online this year I was optimistic that regulations would “catch up” with what is actually occurring in the markets