Cannabis is rapidly evolving from an illegal, counter-cultural activity into one of the prevailing industries in many states in the U.S. today. It’s no news that the normalization of cannabis laws is becoming realistic among many states, spawning a massive multi-billion dollar industry, and attracting a high traffic of venture capitalists, entrepreneurs, and individual investors.
It is high time to start investing in the emerging and fast-growing cannabis industry before it develops tremendously and the barriers to entry for organizations and investors get pricier.
Primarily, cannabis businesses are among a group of lucrative investments with tremendous room for multi-year growth. And since it is being legalized in many states, it had become the fastest-growing industry in the United States, based on ArcView Group’s latest research. The report has it that legal cannabis in the United States grew from $1.5 billion in 2013 to 74% increase in 2014 to about $2.7 billion. Now, imagine if cannabis business is legalized in all 50 states in the United States of America, there is an indication that cannabis will generate a “jaw-breaking” annual revenue than any other industry.
Due to this rapid growth in the cannabis or marijuana industry, the real estate industry has started to consider and take notice of this sector. And with respect to the high demands for it, the real estate industrial sector attribute extra-strong demand for the purchase and sales of this product. According to ArcView CEO, Troy Dayton, investors nationwide have placed their attention to the cannabis as a prospective explosive growth market. “It isn’t necessary for a rocket scientist to see that the marijuana industry is going to provide a lot of economic benefits,” Says Dayton. He went further to add that “one of the highest business sectors to observe has been the real estate sector.”
Apparently, real estate and business brokers have seized this opportunity. Diverse marijuana growers are absorbing large square feet of landed properties or industrial spaces to plant cannabis legally. Studies have shown that the cannabis industry independently hiked up industrial property prices in many regions to an unusual level. Property prices have gone up to about four times higher than the usual sales before the sales of medical marijuana – the legitimate cannabis industry.
How about it? Do you want to buy or sell your cannabis business or property? Or do you want to go beyond the present challenges of locating and procuring the right facilities and financing
necessary for you to operate you cannabis business? Then, we are here for you! 420 Property
aims to eliminate any challenges you may face by serving as the most comprehensive commercial cannabis and hemp real estate marketplace dedicated to empowering consumers with data, inspiration, and knowledge around their business.