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The Process of Listing Your 420-Friendly Warehouse for Rent With 420 Property

The Process of Listing Your 420-Friendly Warehouse for Rent With 420 Property

420 Property can help you connect your 420-friendly commercial rentals to investors and cannabis business owners across the United States. Before you can rent 420 grow locations to businesses and individuals, though, you need to know the most effective ways to list your properties on the website (above and beyond verifying that the property is suitable for legal cannabis business operations).

Do your best to follow every step in the following process. The more complete your 420 friendly commercial rental listing looks, the more likely it is that you will attract a responsible tenant who wants a long-term business relationship that benefits you both.

Take High-Quality Pictures of Your Warehouse’s Interior and Exterior

You will need written content to attract companies that want to rent 420 grow locations, production facilities, and storage warehouse spaces. Before you start thinking about how you will describe your building and the spaces available inside it, though, you need to take high-quality photographs and add them to your listing.

Most people are visual learners. When they see pictures, they can’t prevent themselves from stopping to look. Photographs also provide a wealth of information about your real estate. As the saying goes, “a picture is worth a thousand words.”

By adding pictures to your listing, you make it more likely that people will:

  • Stop to learn more about your 420 friendly commercial rentals.
  • Scroll through your images to help them decide whether you have a facility that matches their needs.
  • Contact you to make sincere inquiries about renting space in your warehouse.

Imagine how a similar scenario could play out without images:

  • Someone happens to see your listing.
  • They contact you to arrange a meeting time.
  • You go to your warehouse and show them around.
  • The potential tenant decides it isn’t the right option for them.

You’ve just wasted a lot of time that you could have saved by posting a few pictures.

Add Video That Gives Interested Renters a Quick, Online Walk Through

Make your images even more effective by adding video to your property listing. Instead of showing what individual spaces look like, you can provide a virtual walk-through of the warehouse.

During the video, you can describe the rooms you walk through. Perhaps you mention how many electrical outlets a space has. Maybe you point to a ventilation system you installed to help indoor cultivators grow healthier plants.

If a picture is worth a thousand words, how much is a video with commentary worth? 100,000 words? A million?

Regardless, adding video to your listings will do wonders at attracting and educating potential tenants.

Provide Accurate Pricing Information

Never provide misleading pricing information for your 420 friendly warehouse for rent. Give people accurate prices and tell them your expectations.

You might have several spaces in your warehouse that you want to rent. If so, the rental prices probably vary by size, available equipment, location, and other factors. Create a separate listing for each space so you will not confuse interested renters about the price.

Setting accurate expectations now will form the bedroom of your owner-tenant relationship. Imagine that someone comes to your warehouse to ask about renting a 420 grow location. You say that you have a room available at $2.50 per square foot. The person counters that they saw an ad that said $2 per square foot. “Oh, that’s for the third-floor room,” you respond.

At this point, you have probably lost a tenant by undermining that person’s faith in you. If you’re willing to mislead interested parties in the price of a warehouse space, who’s to say that you won’t try to pull other tricks in the future.

Set a fair price based on your facilities and area averages. Then, advertise your prices accurately. You do not want to start a business relationship with anything other than 100 percent honesty.

Add a Description That Optimizes Keywords

Why write a description of your 420 friendly warehouse for rent? You have at least two reasons to spend time crafting a compelling, accurate description of your space.

First, you can use your description to include keywords that will help search engines find your listing. Make sure you add location-specific keywords. Some options include:

  • 420 friendly rooms for rent near me (you could replace “me” with the name of your city or neighborhood).
  • 420 friendly commercial rentals
  • Cannabis warehouse grow locations
  • Rental space for growing cannabis
  • Warehouse rental for cannabis

Depending on your facility, you might also add keyword phrases like:

  • Fully air-conditioned and heated cannabis warehouse
  • Irrigation system for cannabis
  • LED lights for growing cannabis
  • Extraction equipment on-premises

Think about what makes your warehouse space special. Anything that occurs to you will probably make a good keyword that attracts potential tenants.

Second, you want to write a description of your 420 friendly warehouse for rent because some people prefer to learn by reading. Your photos and videos might help them understand what you offer. For some learners, though, nothing beats reading text.

If you don’t feel comfortable writing compelling descriptions of your rental space and rental agreement, consider hiring someone to do that job for you. It often costs very little. In return, you get to captivate readers with professionally written text that converts them into paying tenants.

Answer Questions About Your 420 Friendly Commercial Rentals Accurately

Your listing will prompt you to provide a lot of information about your 420 friendly commercial rentals. Some pieces of information you should complete include:

  • Size
  • Lease type
  • License type
  • City tax rate
  • Available utilities
  • Owner’s name (use a company name if it owns the property)
  • Contact information (phone and email) so people can reach out to you with questions

The more information you provide in the listing, the fewer questions you will get from people who ultimately decide to choose a different location. For example, someone who wants to know whether your building uses natural gas or electricity will call or email you to ask the question. Answering takes a few minutes out of your day. You could have saved yourself time and effort by listing all types of utilities available at your property.

Answer as completely and accurately as you can. Doing so will reduce the overall amount of work that you do filling spaces and managing tenants.

Double Check Your Contact Information so You Don’t Miss Requests

This might sound very obvious, but people make mistakes all of the time when they list their contact information.

Inaccurate contact information makes it impossible for potential tenants to reach you. Someone who wants to give you money is trying to contact you. Unfortunately, they can’t because you didn’t double-check your contact information.

Upgrade Your 420 Property Listing to Reach More Renters

The 420 Property website will let you add free listings for hemp and cannabis properties. Only Premium Subscribers can see your free listings, though. That means investors casually browsing the website will not see your 420 property for rent.

You can make it much easier for people to find and rent your warehouse spaces by upgrading your listing.

Featured listings are available to everyone who comes to 420poperty. Spending a little money on a featured listing also gives your placement a boost by placing you within the top search results.

Other benefits of choosing a featured listing include:

  • Guaranteed social media exposure that will reach more people.
  • No broker advertisements that will district visitors.
  • Listing placement on the homepage and sidebar.
  • Distributed listings to CannabisMLS.com and the site’s RSS subscribers.

Social Boost

Want even more from your listing? Get a social boost so 420property will share your listing on all of its social media sites. The more people you reach, the more likely it is you will find a tenant as soon as possible.

Dedicated Email

Not everyone pays attention to social media posts. At 420property, we have more than 20k email subscribers. Upgrading to dedicated email gets your warehouse space rental in front of thousands of people.

Email advertising still plays a critical role in business growth. For a nominal fee, you can attract renters and start making more money within days, weeks, or months.

Help Companies Rent 420 Grow Locations

You have 420 properties in northern California and other locations that you need to rent to businesses. Luckily, plenty of businesses want to rent 420 grow locations for cultivating cannabis indoors. They may also want to use your warehouse to extract chemical compounds, make oils, and store products before shipping them to stores.

Help them find a warehouse that matches their unique needs by listing your property on 420property.com

June 2, 2021Comments Off
How to Find Green Zone Properties Near You

Green zone properties include real estate in areas that allow cannabis cultivation or sales. No matter what type of cannabis business you want to start, you will need to find green zone properties for sale. There’s a lot of competition to purchase the best real estate, so you need to know how to find the best green zoned properties near you.

Step 1: Know What Type of Green Zone Properties You Want

Green zone properties fall into several categories. The options that you focus on will depend on the type of business you want to start.

Cannabis cultivation usually requires investing in farmland or warehouse space equipped with irrigation, fertilization, and lighting systems. If you prefer farmland, it makes sense to look for zoned properties that already include infrastructure like greenhouses, irrigation systems, and storage facilities.

Selling cannabis products to patients and customers, however, will require a storefront. Cities and communities often have limited permits for cannabis dispensaries. Make sure green zone properties for sale in Michigan and other states also have available permits. Otherwise, you could end up buying or leasing space that you cannot use to sell cannabis products.

Step 2: Explore Reputable Green Zone Property Listings

You don’t necessarily want to lease or purchase the first green zone properties in Michigan and other states that you find. You can use 420 Property to compare several options in your area. That way, you get to narrow your choices to the green zone properties that meet your needs.

Step 3: Talk to the Property Owner or a Real Estate Agent

When you are ready to buy or lease green zoned properties, you need to reach out to the owner or a real estate agent. Whether leasing or buying, you will need to fill out and submit several documents. You might also need to show that you have funding for the property.

Talking to an experienced cannabis real estate agent can often help streamline the process. A real estate agent already knows the steps involved, so they can make it as easy as possible.

You don’t have to use a cannabis real estate agent. It’s possible to purchase or lease directly through the current owner. Many investors find that they enjoy the convenience and professionalism they get from relying on a broker, though.

Find a green zone property now! You could soon find the right property to make your business successful.

June 2, 2021Comments Off
Why Cannabis and Hemp Businesses Should Have Insurance

Owners of cannabis and hemp businesses need insurance to protect their interests, just as business owners in all other industries do. The legal status of cannabis operations makes acquiring insurance complicated, however. Federal law still makes growing and selling cannabis and hemp illegal, no matter what its purpose. A number of states now have laws on the books that makes medical cannabis legal. Others, like Colorado, also allow cannabis for recreational use. Still others have decriminalized marijuana, making enforcement of the laws less likely. Under the Obama administration, the federal government had a “hands off” policy toward cannabis and did not enforce federal law in states that made cannabis legal. Although AG Jeff Sessions had expressed a desire to change this policy, the current administration is still following Obama era guidelines. Unfortunately, the legal situation understandably makes most insurance companies leery of industry involvement. Cannabis is still not a “safe” product to cover. 

Cannabis and Hemp Business Risks

In addition to the state and federal legal issues, the industry poses additional challenges. Producers and retailers must meet strict guidelines and safety regulations to meet state requirements. Also, some in the business are attempting to shift from illegal to legal production, which makes attaining insurance even more difficult. Traditional insurance providers have little interest in assuming these risks. Also, since these products are ingested, business owners are at risk for various consumer complaints. Inevitably, someone will claim that the cannabis made them ill in some way. Purchasers may also claim financial losses that can leave these cannabis operations vulnerable. Operating without insurance means that even one claim could place the business under extreme financial pressure or even cause it to fail. Recent severe weather events have proven how vulnerable cannabis and hemp operations are without coverage. Many producers in Florida and Puerto Rico lost their crops to hurricanes, while California producers suffered huge losses from wildfires. Without insurance, they were forced to absorb all of the financial liability themselves.

Types of Coverage

Expert opinion is that those in the cannabis business need the full spectrum of business insurance coverage, including general liability to protect against slip and fall accidents, advertising issues and other problems that every company faces. In addition, these businesses need product liability and workers compensation coverage. Cannabis company owners also need business personal property coverage and possibly commercial auto coverage, product recall coverage, etc. To be properly protected, cannabis entrepreneurs need comprehensive insurance policies. Otherwise, they could easily be responsible for millions in consumer claims.

Insurance Options

Some solutions do exist for those in the cannabis industry. For instance, captive insurance companies (CICs) are legally licensed insurers who sell insurance to affiliated businesses. They are not allowed to sell coverage to the public, however. Because their focus is narrow, they are more efficient to organize and run, which allows them to take on cannabis risk and still be profitable. These companies, which are also used to cover auto manufacturers, workers compensation, landlord’s property, armored cars, etc., can even cover product recalls, employee theft and legal defenses. They are a proven way to provide niche coverage to non-standard businesses, so they are an excellent fit for the cannabis industry. California is making the biggest effort to provide insurance to the industry. The state has established Cannabis Business Owners Policy (CannaBOP). The brainchild of the American Association of Insurance Services, CannaBOP offers property and liability coverage for manufacturers, processors, distributors, and other members of the cannabis industry. While this program helps address the insurance gap, many in the industry still operate without enough coverage or any coverage at all. Recently, a major company began providing insurance for California property owners who lease to tenants in the cannabis industry, another step toward making cannabis and hemp an accepted business. Landlords will be much more inclined to lease their properties to producers and retailers if they can maintain proper insurance coverage and minimize their risk. In 2018, the NAIC ( National Association of Insurance Commissioners) noted the difficulties in providing cannabis and hemp business coverage and acknowledged that California was leading the way in this type of insurance. The NAIC is still formulating ways to meet the needs of the industry without exposing themselves to federal legal issues.At present, finding a major “name” company to cover a cannabis/hemp business is difficult if not impossible in some areas. Much depends on the moves the federal government makes in the coming years. Currently, the administration has backed off federal enforcement of marijuana laws in states that have legalized the substance. If this policy continues or the government decides to legalize cannabis, then, of course, insurance coverage will be far easier to get. At this juncture, captive insurance is the best bet for many in the industry. This type of insurance will provide owners with at least some of the coverage they need. Those companies in California have a distinct advantage, because the state is working with cannabis businesses to provide insurance coverage, primarily from CannaBOP. Currently, there is no easy solution for other cannabis companies in the United States, although progress is continuing to be made.

Get a cannabis insurance quote today.

June 2, 2021Comments Off
What Is the Process of Obtaining 420 Friendly Properties?

Whether you want to open a recreational or medical marijuana dispensary, start an outdoor hemp farm, or begin cultivating cannabis strains at an indoor farm, you need to understand the process of obtaining 420 friendly properties.

Keep in mind that laws vary significantly from state to state. In fact, laws often vary a lot from city to city. The details of finding 420 properties in northern California, therefore, don’t look exactly the same as obtaining 420 properties in Michigan.

The following guide will put you on the right track to finding, comparing, and obtaining 420 properties for lease and sale. Make sure you know the rules that affect cannabis businesses in the property’s jurisdiction before you commit any money. You may want to talk to a cannabis lawyer to help you make the decision.

Know What Features You Need in 420 Properties

Your search for the perfect 420 property starts with identifying the features that will help make your business successful. What you need from cannabis real estate will depend on the type of business you want to open. Some of the most common green zone real estate options include:

  • Commercial farmland for outdoor cannabis or hemp cultivation.
  • Residential farmland for outdoor cannabis or hemp cultivation.
  • Greenhouses that extend the growing season and improve growing conditions for cannabis or hemp.
  • Warehouse space for indoor cannabis cultivation.
  • Industrial space for extraction and production.
  • Commercial retail space for selling to patients and consumers.

Take a look at some of the specific features you might want from each of these property options.

Farmland for Outdoor Cultivation

When comparing farmland for outdoor cultivation, many investors look for features like:

  • Irrigation systems.
  • Access to utilities (water, electricity, etc.).
  • Soil acidity between 5.8 and 6.2, which is suitable for hemp and cannabis cultivation.
  • Buildings for storing equipment.
  • Farmhouse for staying on the property.
  • Proximity to a population, which makes it easier to hire workers.
  • Access to major roads for shipping products.

Any missing features could add to your overall investment since you might need to pay for adding them. While you might not mind having a 420 property away from a major road, access to water is critical. Without it, you could lose millions of dollars in crops.

Greenhouses for Hemp and Cannabis Cultivation

Greenhouses can help you control the growing environment for hemp and cannabis. When comparing greenhouses for hemp and cannabis cultivation, consider factors like:

  • The age of the greenhouse.
  • How much acreage the greenhouse covers.
  • The greenhouse’s build material.
  • Whether the greenhouse already has a heater for growing during cold months.

Greenhouses are often supplemental to larger farms. You might only use the greenhouse to start transplants that you later move to outdoor land. Depending on the temperature, you could also use the greenhouse to grow smaller amounts of cannabis during winter.

Warehouse Space for Cultivation

Warehouses have become popular options for indoor cultivation. When exploring 420 properties in Michigan, Colorado, and other places with cold seasons, it makes sense to move production inside instead of dealing with changes in weather and temperature.

You can buy a green zone warehouse and convert it into an indoor cultivation center. That requires a lot of work and money, though. When possible, investors often prefer 420 properties for lease and sale that already have irrigation, lighting, and nutritional systems in place. That way, they can start cultivating immediately without updating the space.

Industrial Space for Production

Industrial space can serve several purposes for hemp and cannabis businesses. You might use the green zone space to cure flowers before sending them to dispensaries. You can also use the areas to extract cannabinoids and terpenes from raw plant materials. Once you extract chemical compounds like THC and CBD, you can make products like edibles, tinctures, and oils.

When exploring 420 properties for lease or sale, look for options that have enough room for your extraction equipment. You will also need room for storing solvents and your finished products.

Other factors that might influence your decision include:

  • The space’s electrical system
  • Location near retail or shipping centers
  • Security systems

Commercial Retail Space

Commercial 420 properties in California, Michigan, and other states make it possible for retail stores and medical dispensaries to serve consumers.

Most businesses want their commercial retail spaces to have features that appeal to consumers, such as ambient lighting, large rooms, and pleasing décor. More importantly, local regulations can require some features for your commercial retail space. These features often include:

  • Single entry and exit points for shoppers.
  • Separate lounges to limit the number of people inside the salesroom.
  • Computer systems that track inventory.
  • Security systems that prevent theft.

Always make sure you know your local requirements before opening a dispensary for medical or recreational cannabis products. Otherwise, you could face hefty fines or even lose your permit.

Understand Permit Requirements in the Property’s Jurisdiction

Permit requirements add a frustrating level to obtaining 420 properties that can help your business succeed. Unfortunately, the cannabis industry can only exist in the U.S. while it follows strict regulations. As of mid-2021, state and federal laws often conflict. While you can buy 420 properties in northern California and operate legally, the federal government considers the operation illegal.

States must take their regulatory requirements seriously to appease the federal government (and state legislators who prefer cannabis prohibition).

The National Conference of State Legislatures offers synopses of cannabis laws in each state. It’s a great introduction to laws that can help you choose a state for your business.

For more information, though, you will need to consult local laws. They do not always agree with state laws. In many cases, state laws set minimum regulations that investors and businesses in the cannabis industry must follow. Municipal governments can establish additional requirements and restrictions. They have the power to fine businesses and take away permits/licenses, so pay close attention to community regulations. Otherwise, you risk losing your investment—and possibly even more.

Does Your Area Have Tier Levels for 420 Licenses?

When you look at listings for cannabis properties for lease or sale, you might see tier levels listed. Some states, including Washington, have different tiers that define how cultivators and dispensaries can operate. Using Washington 420 tiers as examples:

  • Tier I licenses typically appeal to small, indoor farms that want to grow high-quality medical or recreational cannabis in canopies up to 2,000 square feet in size.
  • Tier II licenses usually go to indoor warehouse cultivators that use mid-sized canopies between 2,000 and 10,000 square feet.
  • Tier III licenses go to the largest farms (indoor or outdoor) that want to sell a broad range of cannabis products to consumers in multiple markets. They often have canopies between 10,000 and 30,000 square feet in size, which means they have significant control over pricing and product trends in the industry.

Most jurisdictions have their own versions of tier levels/ They may also refer to them as “grade levels.” Make sure you know the licensing limits for permits in your business’s area.

Compare Your Funding Options for Buying or Leasing 420 Properties

Finding 420 properties that interest you is rarely the end of the process. Next, you need to compare your funding options.

Cannabis retail spaces can easily cost more than $1 million to purchase. Unless you have a few million dollars available, you will probably need to seek a funding option. You can also consider 420 properties for lease, but you will still need to spend quite a bit of money upfront on equipment, staffing, security, and retail products.

Funding a cannabis business poses several challenges. Many banks worry that they will violate federal regulations by working with companies that technically break federal law—even when those companies follow state law closely. A traditional funder’s reluctance can make it hard to obtain the money you need to start your business.

Many investors turn to private commercial lenders that do not need to worry as much about federal regulations.

What You Can Expect to Learn From 420 Friendly Property Listings

Buying or leasing cannabis property usually means that you need to compare several opportunities before you find one that fits your requirements. You probably have a certain property in mind right now (e.g., a storefront in West Hollywood, a rural farm with rich soil and access to water, or a warehouse that you can equip with the systems needed for indoor cultivation). You want to find a listing that matches your ideal as closely as possible.

When you compare property listings, you can expect to find certain types of information. Some information that you should pay close attention to includes:

  • The asking price of the property.
  • The property’s listing type (e.g., cannabis & hemp real estate, warehouse/industrial for sale, and cannabis & hemp real estate for lease).
  • The property’s listing status (active or inactive).
  • The size, which typically refers to the size of indoor space written as square footage.
  • The lot size, which is usually the amount of outdoor acreage included with the property.
  • Available power (e.g., “3 phase,” a common listing for buildings and other properties that have access to electrical grids).
  • Whether you can grow cannabis, hemp, or both plants on the property.
  • The type of license currently associated with the property (e.g., recreational, medical, or recreational and medical license).
  • The city tax rate (this is usually the name of the city that sets the property’s tax rate, not the actual tax rate as a percentage. You may need to contact the city to get the latest tax rate for the type of business you plan to operate).
  • Sale type, such as whether the current owner will accept cash, financing, or owner financing.
  • The utilities available on the property, such as electricity and water access.
  • The name of the current owner, which is often listed as a company rather than an individual.
  • The owner’s contact information (e.g., phone number and email address).

Buying vs. Leasing Cannabis Properties

As you explore your cannabis property options, you will likely notice that some of the real estate is listed as “for sale” while others are listed “for lease.” It’s critical to know the difference between these options and how they can affect your business plan.

When you buy cannabis properties in California, Michigan, and other states, you own the real estate, including buildings and land. More likely than not, you will need to fund your purchase by getting a loan. Making monthly loan payments isn’t the same as leasing (more on leasing below) because you own the property after you finish repaying the loan. Once you own the property, you only need to pay taxes to your municipal government, assuming that it charges property tax.

With leasing, you agree to pay the property owner a certain amount of money each month. You and the owner will sign a contract that explains the monthly price, how you can use the property, and how long the lease lasts. Leases often operate on a year-by-year basis, but you can make other arrangements with some owners.

Benefits of Buying Cannabis Properties

  • You own the property, so you can improve it without getting someone else’s permission.
  • You can sell the real estate to earn a profit.
  • You have a lower chance of losing your investment.

Disadvantages of Buying Cannabis Properties

  • You might need to make a sizable down payment before you can take ownership of the property.
  • You have to pay property taxes in most areas.
  • You’re responsible for maintaining the property.

Benefits of Leasing Cannabis Properties

  • You get to avoid high down payments.
  • You are not responsible for maintaining the property.
  • You don’t pay property taxes.
  • You can leave the property when your lease ends.

Disadvantages of Buying Cannabis Properties

  • You will never own the property.
  • You might need to seek permission before making changes to the property.
  • Prices will likely increase over time.

Find a 420 Friendly Property Listing That Meets Your Needs

Find a listing for the type of 420 friendly properties that interest you on 420property.com. The website can also help you connect with real estate agents, cannabis real estate lawyers, business consultants, property appraisers, insurance providers, financiers, and other professionals who can help make your investment successful.

June 2, 2021Comments Off
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