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Updated almost 8 years ago on . Most recent reply

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Rahul Bhatt
  • Fremont, CA
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289
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Marijuana or cannabi space renting

Rahul Bhatt
  • Fremont, CA
Posted

I have been presented an opportunity here in California  wanted to see if someone has experiecnce from landlord side 

1. how hard it to manage passively 

2. how much legal/compliance  risk ? 

Most Popular Reply

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Sean Walton
  • Wholetailer & Architect
  • San Francisco, CA
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Sean Walton
  • Wholetailer & Architect
  • San Francisco, CA
Replied

I don't have any direct experience with this but here are my 2 cents

1. I imagine very passive if you do a triple net lease although growers are barred by federal law from getting bank accounts so your rent will probably always be cash. Make sure you aren't paying the electric bill. 

2. I think California is working out the legal framework for legal recreational sales. Read up on current medical cannabis laws.

Jeff Sessions is rabidly anti pot and was going around capitol Hill to try and get more resources to go after growers in states where it is legal and most congress people on both sides of the aisle told him to shove it. With that said you do still hear about busts so you could lose your property if it is caught up in a sting.

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