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What Is Crop Insurance and How Your Cannabis Business Can Benefit

If you plan to make money by cultivating cannabis or hemp, you need to protect yourself from loss by getting a reliable cannabis crop insurance policy. Unfortunately, not all crop insurance agents sell policies to cultivators in the hemp and cannabis industries. The good news is that 420 Property can help you find a crop insurance agency that welcomes your business.

What Is Crop Insurance?

A crop insurance agency can sell policies that cover various situations. For example, you might buy a crop insurance policy that pays you a specific amount when an unexpected weather event destroys your crops. That might include:

  • Tornadoes
  • Droughts
  • Floods
  • Fires

A policy could also protect you from financial loss when insects destroy your crops. You might be surprised to learn that a lot of insects eat hemp and cannabis plants. Your crop could get ruined or harmed by:

  • Stink bugs
  • Cutworms
  • Budworms
  • Aphids
  • Fungus gnats
  • Corn-borers
  • Crickets

Yes, even crickets want to feast on your plants! Typically, you probably don’t need to worry that your area will have enough insects to cause significant damage. But you never know when a hungry crowd of bugs will show up at your farm. Such events have destroyed farms and even caused regional famines.

You can also find crop insurance agents with policies that ensure you earn a minimum amount of money from your hemp or cannabis plants. A drought might not kill your plants, but it could significantly reduce the size of your harvest or the quality of your flowers. In that case, crop insurance would step in to fill the gap between the money you make and the minimum amount promised by your policy.

Similarly, what would you do if the price of hemp fell between planting and harvesting? Perhaps so many people have gotten into the industry that the product loses value. Maybe someone developed a low-cost way to create CBD in laboratories. Regardless of the reason, the lower price would not destroy your business because crop insurance would ensure you get paid a certain amount.

Why Your Hemp or Cannabis Business Would Need Crop Insurance

Think about how much money you plan to invest in your hemp or cannabis business. Could you survive an entire year or longer without the revenue you expect? Forget about whether you will make a profit. Crop destruction could mean that you don’t generate any revenue. Suddenly, you can’t even afford to make your monthly loan payments, let alone expand your business as planned.

You might think that you don’t need to worry about crop insurance because you cultivate cannabis indoors. Problems can devastate indoor grow operations, too. If insects find their way into your warehouse, they could multiply over the weekend while you’re away. When you come back on Monday, you discover that they have eaten half of your plants.

Unexpected issues with your growing equipment could also hurt the amount of revenue you generate from your indoor cultivation. What happens if your grow lights or automated irrigation system malfunction? Within a matter of hours, your lights could get so hot that they burn your plants. Your irrigation could flood all of your small plants. They might recover somewhat. That doesn’t mean they will meet their full potential.

Don’t think of crop insurance companies as unnecessary expenses. Think of them as hedges against risk. Instead of jeopardizing all of your investment money, you get a chance to secure a minimum payment that keeps you afloat and able to operate next season.

Compare Policies From Crop Insurance Companies

Just because you need crop insurance jobs doesn’t mean that you should accept a bad offer. Just like any type of insurance, you have plenty of options to consider. Policies can vary quite a bit by:

  • How much they cost.
  • What types of events they protect you from.
  • How much they will pay you for lost revenue.

You must compare policies from several crop insurance companies to make sure you get one that fits your budget and goals.

Compare Crop Insurance Companies, Too

Don’t assume that two policies that say the same thing will give you the same level of coverage. Just like with other types of insurance, some companies offer better customer service. You want to find a crop insurance agent that will follow through with guarantees quickly instead of making you jump through hoops.

You might have experienced bad customer service from health or vehicle insurance companies. Dealing with an uncooperative insurance provider is a nightmare when you just want to focus on solving a problem that could ruin your business. You could lose millions of dollars from one year of poor crop performance. You don’t need the stress of arguing with an insurance company on top of the stress of worrying about your investment.

Protect Your Investment With Help From a Crop Insurance Agent

Everyone involved in horticulture needs crop insurance that protects their investments. It doesn’t matter whether you grow heirloom tomatoes or purple haze cannabis. If you rely on income from your crop, you need crop insurance.

The difference between your farm and other farms is that you invest in an extremely high-value crop. Each of your plants might generate hundreds or thousands of dollars in revenue. Very few farmers can say the same. An acre of damaged cannabis is an expensive loss that could ruin your future investment plans. Don’t put yourself in that position. A reliable crop insurance agency can make sure you avoid such devastating loss.

Get a quote from a crop insurance agency today so you can start comparing your options. Ideally, you want an affordable policy that gives you as much protection as possible. You can’t run an indoor or outdoor farm without one.

June 19, 2021Comments Off
Cannabis Real Estate Investment Trusts (REIT)

A real estate investment trust (REIT) is a company that owns – and often operates – one or more properties that generate income. Cannabis real estate investment trusts are a sub-type of REITs that focus on the properties that businesses in the cannabis and hemp industry need.

Cannabis real estate investment trusts come with several benefits that help make them profitable. Before anyone gets invests in a cannabis REIT, it makes sense to learn about the options, opportunities, and competitors.

Types of Cannabis Real Estate Investment Trusts

Like other REITs, cannabis real estate investment trusts typically fall into three categories:

  • Equity
  • Mortgage
  • Hybrid

Equity Cannabis REIT

Most REITs operate as equity REITs, providing investors with the opportunity to invest in portfolios of income-producing real estate. With an cannabis equity REIT, one or more investors own property, such as farmland, storefronts, and warehouses. They have a few ways to make money from these options.

Mortgage Cannabis REIT

Mortgage cannabis REITs act more like lenders than property owners. When someone invests in a mortgage cannabis REIT, they profit when their company lends money to business operators to purchase real estate.

Hybrid Cannabis REIT

A cannabis REIT doesn’t have to fit into one of the above categories. A hybrid cannabis REIT makes money from owning property and from lending money to businesses that don’t want to lease property. That way, the investor can profit even when someone uses property their REIT doesn’t own.

Opportunities for Cannabis REITs

REITs have some shared benefits, no matter what sector the company focuses on. One of the biggest advantages is that several investors can combine their money to purchase real estate. Individually, these people might not have enough capital to buy the property. Together, they can buy that real estate without borrowing money.

Borrowing and lending money has always been challenging in the legal cannabis industry. State-level regulations put a lot of pressure on cannabis and hemp businesses. Regardless, the federal government still sees cannabis as an illegal product. Until the federal government changes its laws, most financial institutions will avoid the legal cannabis industry. That means business owners need to find alternatives to traditional banks and credit unions.

Cannabis REITs Can Fill the Lending Gap

Since cannabis entrepreneurs cannot rely on typical financial institutions to fund their ideas, cannabis REITs have an opportunity to fill the lending gap. When someone wants to borrow money to lease a dispensary, a cannabis REIT can step in to provide the capital. If the cannabis REIT owns the property, it and the business owner can find creative ways to reach their financial goals without involving federal law more than necessary.

Cannabis REITs Control a Large Portion of the Market

Cannabis businesses – whether they grow plants, manufacture products, or sell to consumers – can only operate in “green zones.” Operating in a state with cannabis-friendly laws does not mean businesses can open anywhere they want. They have to get licensed and follow a lot of regulations.

In some cases, communities and cities only let cannabis and hemp companies operate within specific areas.

Since the investors involved in cannabis REITs pool their money, they can purchase a lot of property in green zones. In fact, they could purchase so much property that they practically control a green zone’s retail spaces. (This doesn’t happen as often with farmland and warehouses because there is so much property left to buy.)

When a cannabis REIT controls much of the legal cannabis real estate, dispensaries must work with them before they can sell products to consumers.

Today’s Top Cannabis REITs

Several cannabis REITs have already invested significant amounts of money in green zone properties. Some of the biggest cannabis REITs operating today include:

  • AFC Gamma
  • Freehold Properties, Inc
  • GreenAcreage Real Estate Corp
  • Inception REIT
  • NewLake Capital Partners
  • Power REIT
  • Treehouse Real Estate Investment Trust

Most of these companies are privately owned. Some are publicly traded. Power REIT, for example, is a publicly traded company with shares available on the New York Stock Exchange. Anyone with enough money can purchase a share in public companies. Investing in a public cannabis REIT, however, often takes more research, money, and relationships.

Find a Cannabis Real Estate on 420 Property

420 Property can help you explore a wide range of cannabis real estate and business investment opportunities. Start your search for cannabis real estate for sale and cannabis businesses for sale on 420Property.com.

June 18, 2021Comments Off
Qualify for Real Estate Loans in 5 Simple Steps

Unless you have access to millions of dollars in cash, you will almost certainly need real estate loans for businesses before you start your cannabis company. That applies when you want to use real estate business loans to buy farmland, warehouse space for indoor cultivation, or retail space where you can provide a comfortable experience for patients and customers.

Qualifying for affordable commercial real estate loan rates doesn’t happen for everyone. If you struggle to find real estate loans for investors that leave you with enough room to generate profits, you might need to take these five simple steps to qualify for better real estate loans.

1. Check Your Credit History for Mistakes

Most Americans think that they can rely on credit bureaus to provide accurate information about their credit histories. Despite that, about 20 percent of Americans have mistakes on their credit histories. It’s an incredibly common problem that can prevent you from accessing real estate loans for businesses.

Before you apply for a loan, get a free copy of your credit report and scour it for incorrect information.

Federal law requires each of the three major credit bureaus – TransUnion, Equifax, and Experian – to give you a free credit report each year upon request. That means you can get three free copies per year.

Do yourself a favor and check your credit report from each company. They can record different information. One report might show that you have a perfect credit history. Another could show that you have a history of missed payments.

If you find inaccurate information, get the items removed by contacting the company that reported it. If that doesn’t work, reach out to the credit bureau to start an investigation. It can take months to complete, so start well before you plan to apply for a loan.

2. Work Toward Improving Your Credit Rating

Your FICO score provides a snapshot of your credit health. Most financial institutions and private lenders use the number to determine how much risk they assume when lending you money. The higher your score is, the less risky you seem.

You will want a Very Good (740 to 799) or Exceptional (800+) FICO score to qualify for real estate loans that have low interest rates.

You might get real estate loans for businesses with a lower score, but you will pay a much higher interest rate, which makes it harder for your cannabis business to generate profits.

3. Save Money so You Can Offer a Larger Down Payment

Many lenders will require a down payment before approving real estate loans for investors. The typical bank, for example, wants a 20 percent down payment. If you cannot pay 20 percent of the property’s cost, then you can expect to pay extra for private mortgage insurance that protects the lender from loss.

As someone who wants to borrow money to purchase cannabis real estate, you cannot turn to a bank or credit union for help. As long as cannabis remains illegal at the federal level, most financial institutions will not risk upsetting the government by working with cannabis cultivators and dispensaries.

Private lenders, however, also use down payments to lower risk and ensure that you take the arrangement seriously. They might offer to loan you 100 percent of the cost, but you will pay a higher interest rate.

Save money until you can provide a larger down payment that lowers the overall amount of cash you borrow and helps you lock in a lower interest rate.

4. Use Your Existing Assets as Collateral

People who invest in real estate loans want to make sure you can make your monthly repayments on time. No matter how attractive your application looks, though, you still represent some risk since there’s always a chance that your business will not succeed.

Put the lender’s mind at ease by using your existing assets as collateral. If you own a home, you can list the property as collateral for the loan. You could also list vehicles, business stock, equipment, and other types of property.

Keep in mind that collateral will increase the chances that you get a low-interest loan, but it could also mean that you lose property when you fail to repay the loan. You have some protections, but you could lose your home when you list it as collateral on a business loan you cannot repay.

5. Compare Real Estate Loan Options to Find a Lower Rate

Real estate loans are just like any other commodity. Some companies charge higher (or lower) prices than others. It pays to shop around before you accept any real estate business loans. With lower commercial real estate loan rates, you could save hundreds of thousands of dollars over the next several years.

Let’s say you get a $1 million loan with a 10-year term and charges a 15 percent interest rate. Each month, you will repay the lender $16,133. At the end of 10 years, you will have spent more than $936,000 on interest!

Now, imagine that you get the same loan at 7 percent interest. Your monthly payments drop to $11,611. More importantly, your overall interest falls to $393,302. You save over half a million dollars by finding a loan that charges a lower interest rate.

Every interest point matters when you borrow money. Even a 1 percent difference can cost you more than $50,000.

While you should always take time to compare your real estate loan offers to make sure you save as much as possible, you also need to choose a reputable lender. If a company has a reputation for bad customer service, you might want to avoid them even if it means spending a little more money going with a different option.

Find Real Estate Loan Opportunities on 420property.com

Apply now to receive real estate loan offers for cannabis properties. 420Property isn’t a lender, but it can connect you to companies that extend offers to investors looking to enter or expand their presence in the cannabis and hemp industries.

June 17, 2021Comments Off
8 Golden Tips for Investing in Hemp Real Estate

Investing in hemp real estate has become a phenomenal way for entrepreneurs to build wealth. A 2020 survey finds that about 33 percent of Americans have used CBD. They cite stress, anxiety, pain, and inflammation as reasons they take CBD supplements, lotions, and other products.

CBD’s growing popularity, however, does not ensure success in the industry. Follow these 8 golden tips for investing in hemp real estate to make smart choices and maximize your ROI.

Know How Much an Acre of Hemp Is Worth

How much an acre of hemp is worth depends on several factors. An acre that already has an irrigation system probably has a higher value than one that relies on rain for watering crops. Access to a major highway can also affect how much an acre of hemp is worth. After all, it takes time and money to move plants from the farm to the production facility. The shorter the distance, the more you can make from your crop.

Other qualities that can affect land value include:

  • Soil acidity.
  • How previous owners used the land.
  • Whether you already have a permit to farm hemp on the land.
  • Existing infrastructure for water, electricity, and other utilities.

If you have questions about the value of farmland, it never hurts to ask a professional appraiser to look at the property and give you an estimate.

Compare Regional Prices to Get a Good Deal on Hemp Real Estate

How much does an acre of land typically cost in the area? Reviewing regional land prices can help you determine whether you’re getting a good deal on your hemp real estate investment.

Work With an Experience Hemp Real Estate Agent

Even if you’ve purchased agricultural land before, you might not know how to find the best hemp real estate for your investment dollars. Growing hemp isn’t the same as growing other crops, largely because you have to deal with state and federal regulations that can affect how you operate and how much money you earn.

Working with an experienced hemp real estate agent helps ensure that you make informed decisions that lead to higher returns.

Identify all of the Ways You Can Make Money From Hemp

Obviously, you can use your hemp real estate investment to enter the CBD market. Before you decide to purchase or lease property, though, you should identify as many ways as possible to make money from hemp.

For example, you can sell your hemp to a company that makes CBD products. You can also purchase extraction equipment to start making your own CBD products. Is that an additional investment you’re willing to make? And will it lead to increased profits?

Other ways hemp real estate owners can make money include:

  • Leasing land to farmers who want to take advantage of your hemp growing permit.
  • Carefully trim flowers from the hemp plants to sell as CBD buds.
  • Extracting CBD and other chemical compounds from hemp leaves.
  • Selling stalks and other plant materials to companies that make products like cloth and paper.

Hemp isn’t just about CBD production. Use the whole plant to maximize your returns. Can you build a house out of hemp? Believe it or not, some companies use hemp fibers to make a material called “hempcrete.” It’s considered an eco-friendly way to construct houses and other buildings.

Estimate the Overall Cost of Ownership

It’s pretty easy to determine how much hemp real estate will cost to buy. You just negotiate a price with the current owner and add any applicable taxes and fees.

That doesn’t give you the total cost of ownership, though. Consider that you will probably have to:

  • Pay annual property taxes.
  • Add to the existing infrastructure.
  • Amend the soil to improve crop yield.
  • Renew your hemp growing permit.
  • Pay utility bills.
  • Hire employees.
  • Purchase seeds, equipment, and other essentials.

Determining the total cost is an ordeal, but you can make the process easier by hiring a business consultant who has been through the steps many times before.

Get Crop Insurance to Protect Yourself From Losses

Imagine that one day you look out over your acres of profitable hemp, growing easily in the sun after a gentle rain. The next morning, you wake up to learn that a terrible storm has destroyed area crops. Unfortunately, your farm got hit hard. You lost at least half of your hemp crop.

That’s a sad moment for anyone. All of that hard work gone to waste! You will feel much less upset, though, if you have crop insurance that protects you from financial losses.

Most farmers have crop insurance. Unfortunately, the government makes it a little harder for hemp and cannabis farmers—even though Congress legalized hemp in the Farm Bill. Private crop insurance providers have policies that can protect your hemp real estate investment.

Compare Funding Options to Lower Costs

It’s not always easy to get funding for 420 investment opportunities. You can find funding offers through 420 properties, though.

Always compare your funding options to make sure you spend as little as possible. Few people have enough money to purchase large plots of land without help. That doesn’t mean your loan’s percentage rate should eliminate your profits!

Explore loans and other funding opportunities so you can purchase hemp real estate that will grow healthy crops and earn you significant returns on your investment.

Consider the Benefits of Selling Your Hemp Real Estate Investment

What is an acre of hemp worth? They might have paid significantly less when you bought hemp real estate a few years ago. Today, you could potentially double or triple your money by putting your land up for sale.

Contact us today to get your hemp property listed and attract serious buyers willing to pay for the true value of your land.

June 12, 2021Comments Off
Everything You Need to Know About Finding & Investing in Cannabis Real Estate

The legal cannabis industry has had a tremendous effect on residential and commercial real estate properties. According to research from the National Association of Realtors (NAR), many residents living in states with cannabis properties say that the housing market has been tighter—likely because of the growing industry.

The same report shows that hemp and CBD real estate needs have influenced demand. Some examples of changes associated with cannabis legalization include:

  • 23 percent increased demand in storefronts.
  • 18 percent increased demand in farmland.
  • 36 percent increased demand in warehouses.

It’s impossible to say that the increased demand comes exclusively from medical and recreational cannabis legalization, but there’s a strong connection that industry experts have noticed.

Clearly, there’s a lot of money to make by investing in cannabis real estate. Like any investment, though, you need to make informed decisions to reap significant returns. The following guide cannot ensure that you find and invest in the perfect cannabis real estate, but it can certainly point you in the right direction.

Know the Different Types of Hemp and Cannabis Real Estate

Cannabis and hemp real estate has several categories that you should consider before determining which option fits your investment goals and local laws. Some popular real estate categories include:

  • Retail storefronts for CBD
  • Retail storefronts for recreational cannabis products
  • Dispensary real estate for medical marijuana products
  • Farmland for growing cannabis
  • Farmland for growing hemp
  • Residential real estate for growing hemp
  • Residential real estate for growing cannabis
  • Warehouse space for storing hemp and cannabis products
  • Warehouse spaces for indoor cultivation
  • Industrial space for making hemp or cannabis concentrates and other products

Learn Your State and Local Laws

As of mid-2021, 17 states and Washington, D.C. have recreational cannabis laws that let adults over 21 years old purchase cannabis products from licensed dispensaries or retail stores. Many other states have medical cannabis laws that let patients purchase medicine with prescriptions from their doctors.

The Farm Bill makes CBD legal in all 50 states, but products cannot contain more than 0.03 percent THC, which makes edibles, tinctures, and other products non-psychoactive.

It’s critical to note that every state has its own laws regulating the cultivation and sale of hemp and cannabis. Some states let adults grow a small number of cannabis plants on their personal property. Other states forbid personal cultivation.

Even in states with fairly permissive cultivation and sales regulations, rules can change from community to community. You might find it easy to get cannabis properties in West Hollywood licensed. Growing or selling cannabis in a more conservative area, however, could create many more challenges.

Whether you want to invest in 420 properties in California, Oregon, Colorado, or elsewhere, you must know how local laws will affect your investment. It’s never a bad idea to consult a cannabis business or real estate lawyer before you invest.

Your Cannabis Real Estate Will Require a Permit or License

No matter what type of cannabis or hemp properties interest you, you will need to get a permit or license before you can begin operations. Again, permit and licensing requirements can vary greatly from area to area.

Don’t assume that you can purchase CBD real estate and start growing hemp just because the Farm Bill made CBD products legal. States still require permits before you can grow hemp plants. Hemp and marijuana look extremely similar. In many ways, they’re the same plant. They do, however, contain different levels of chemicals like THC and CBD. States want to make sure that hemp farms follow regulations and do not try to make extra money by growing THC-rich cannabis.

Limited Permits

States, counties, and municipalities often have a limited number of permits for cultivating and selling cannabis products. If you cannot get a permit, it doesn’t make sense to purchase CBD properties and real estate for sale in that area. You have no idea how long you will have to wait before you can receive a permit that lets you start growing or selling.

You might think that 420 properties in California make it easy to cultivate cannabis. That isn’t always the case. Your opportunities might depend on how many permits the area has.

Buying Permits on the Secondary Market

Limited licenses and permits don’t necessarily mean that you cannot start reaping returns on your investment. Even if an area has already given all of its licenses to cultivators and storefronts, you could buy one on the secondary market.

Securing Funding for Hemp and Cannabis Real Estate

More and more states recognize that they need tax revenues from legal cannabis and hemp sales. The federal government, however, still considers cannabis an illegal drug. There is very little chance that the Department of Justice would ever target a cultivator or dispensary operating within a state’s legal framework. Conflict between federal and state laws, however, can make it difficult for investors to secure funding when they want to buy, lease, or rent real estate.

When most people want to purchase real estate, they go to banks or mortgage brokers to borrow money. Since most banks operate across state lines, they tend to worry about following federal laws as closely as possible. This makes them nervous about funding businesses in the cannabis industry. Many even feel uncomfortable lending money to buy hemp properties.

Instead of wasting time with banks that will probably turn down your application, turn to private lenders that don’t need to think as much about following every aspect of federal banking laws. Don’t give up on your investment opportunity until you research funding options through 420property. While 420property does not function as a lender, it does have connections to lenders that might want to help you fund a cannabis real estate purchase.

Make sure you follow these steps before applying for a cannabis business loan. An accurate credit record and high credit rating will make it easier for you to secure funding at an affordable interest rate.

Concentrates, Edibles, and Other Cannabis Products Offer More Investing Options

Edibles have become increasingly popular among people who want to consume CBD and THC discreetly. Edibles—including tinctures, oils, and gummies—also provide a smoke-free way to consume THC and CBD. Health-conscious consumers who enjoy using THC and CBD might shy away from smoking. Edible options make them feel better about enjoying cannabis products.

Commercial and industrial cannabis real estate often makes a good investment opportunity for people who want to get into the edibles market. In addition to purchasing or leasing 420 properties, though, investors need to access extractors that can remove chemicals from raw plant materials efficiently.

Iron Fist Extractors stand out as one of the best options because the company designs and manufactures all of its equipment in the United States. You can also get a customized system designed for the type of extraction that interests you.

If you want to invest in extraction, explore your options to find a cannabis supplier, equipment manufacturer, and warehouse space you can use to reach your goals.

Find a Cannabis Real Estate Broker in Your Area of Interest

Cannabis real estate can a successful investment can take a lot of experience and exploration. Purchasing a plot of land does not ensure that you can grow cannabis successfully. You need to know that cannabis and CBD properties for sale have fertile soil, irrigation systems, greenhouses, storage facilities, and other features that will help you reach your goals.

Unless you have significant experience in hemp and cannabis cultivation, it makes sense to use a cannabis real estate broker who can help you identify the best properties.

Finding and investing in cannabis real estate doesn’t mean that you have to purchase land or buildings in your area. It’s possible to invest in real estate in other states, too. You might discover excellent opportunities hundreds of miles from where you live. You can take advantage of those opportunities when you rely on an experienced, trustworthy cannabis real estate broker to find a property that fits your needs.

When you find cannabis real estate that interests you, 420property will help you locate a cannabis real estate broker in that area. You might want to visit the property before finalizing your purchase. Outside of occasional visits, though, the investment property can largely function without your involvement. That way, you make money from real estate without spending much time or expending much effort. You let your investment generate profits for you.

Explore Cannabis Investments With 420 Property

Want to learn more about investing in hemp and cannabis real estate? Search for cannabis real estate listings to find a property that meets your budget and business interests. Take some time to explore your options and learn about the advantages of investing in certain areas. The more you know about cannabis real estate investing, the more likely it is that you will reap significant returns on your money.

June 10, 2021Comments Off
7 Reasons You Need Cannabis Business Consultants to Grow Your Company

Now that you have a clearer idea of what cannabis business consultants do, you can start learning about some of the most important reasons you need them to succeed.

1. Vet Applicants to Hire the Best Executives and Managers

Owning a company doesn’t always mean you have the experience and skills to hire the best executives and managers. A cannabis business consultant can review applicants objectively to determine which ones can do the jobs best.

Eventually, your consultant will leave. The executives and managers will stay behind. Make sure you have professionals who can do their jobs well.

2. Use the Consultant’s Existing Connections in the Cannabis Industry

If you’re starting a new cannabis company – or expanding your existing company into new areas of the industry – you might need a cannabis business consultant’s connections to grow.

Imagine that you have developed a new strain that your test group loves. It tastes amazing and creates an energetic high without any anxiety. Right now, it’s sitting in your warehouse. You need to get it into dispensaries that can sell to consumers willing to pay for high-quality products.

The question is: Do you know which storefronts in your state are willing to sell your new strain?

An experienced business consultant can point you in the right direction. A truly hands-on consultant might even do a lot of the work to get your product on shelves.

It’s much more likely that a company will want to distribute your products when its owner has a personal connection to you. A business consultant can act as that connection.

3. Abide by All Regulations to Avoid Penalties

A business consultant’s services often include reviewing company guidelines to make sure they align with industry regulations. That matters more in the cannabis industry than most.

Even states with relatively permissive recreational cannabis laws enforce strict rules on businesses. For example, you might not have the option to advertise in certain places, or you might need to ensure the presence of security during your hours of operation.

To make matters even more complicated, regulations vary from state to state. They can even vary from community to community. Business consultants in Florida might not know how to answer questions about regulations in Oregon. Similarly, professionals in Oregon might not have the information needed to help Florida cannabis businesses grow without breaking laws unintentionally.

Avoid penalties by following recommendations from experienced consultants who understand your area’s laws.

4. Overcome Growing Pains That Hold Back Many Businesses

Most businesses experience growing pains when owners try to expand. Opening a new storefront, for example, requires more than paying for more real estate and staff members. The growing business also needs to make sure that it has enough merchandise to keep shelves stocked. If you expand too rapidly, you could find that you do not have enough suppliers to satisfy patients and customers. Suddenly, you find that you’ve spent a lot of money opening a store that can only operate for a few hours a day before it runs out of merchandise.

Other common growing pains experienced by expanding businesses include:

  • Changes in tax requirements.
  • Determining whether you need to give employees more benefits to match state and federal regulations.
  • The increased costs of distributing products to multiple locations.
  • Streamlining supply chains to keep costs low without experiencing interruptions.

Unless you’re prepared to tackle these issues on your own, you need a business consultant who has helped other companies overcome these issues.

5. Determine the Best Ways to Spend Money on Your Business

Your business has a set amount of money that you can spend on growth. What’s the most effective way to use your cash and credit? Should you spend money on marketing the products you have or open a new location to reach more customers? Does it make more sense for you to start manufacturing your own edibles and concentrates, or should you dedicate that money to securing merchandise from other companies?

You have a lot of questions to answer. A cannabis business consultant can review your financial situation, research growth opportunities, and synthesize the information to help you make a smart choice.

6. Identify Emerging Opportunities in the Cannabis Industry

The cannabis industry evolves quickly. More states seem to loosen their laws every year. As areas start to allow more medical and recreational cannabis, you could expand your business and attract more patients or customers.

Emerging opportunities can also include spending money on new products. Do you have a customer base willing to spend 10 percent more on high-quality strains promoted by celebrities? Perhaps that’s an area you should pay attention to. Your business consultant can help you figure out the right path to growth.

7. Avoid Common Mistakes That Ruin Businesses

A good business consultant will help you avoid some of the common mistakes that ruin many businesses. Some of those mistakes might include:

  • Taking on more debt than you can repay.
  • Growing too fast for you to maintain quality.
  • Hiring employees who won’t commit to doing excellent work.
  • Putting people in leadership positions without teaching them how to lead.
  • Setting up an employment package that does not attract the best candidates.
  • Choosing outdated technology because it’s cheaper – even though it will eventually hurt your business by slowing operations.
  • Following a flawed business plan.
  • Refusing to adjust to the industry as it evolves.

A cannabis consultant’s services probably can’t solve all of your problems, but they can make growth much easier by helping you avoid common pitfalls.

Choosing a Cannabis Business Consultant

Now that you know the seven reasons why cannabis business consultants are essential for growth, you need to know how to identify the right professional for your company. The following tips should lead you to a reliable person.

Tip 1: Find a Cannabis Business Consultant With Experience Working in Your Area

As mentioned above, the cannabis business has diverse laws that can vary from community to community. Unfortunately, it doesn’t look like that will change soon. Unless Congress acts to legalize cannabis products, states will continue dealing with this hodgepodge of regulations. At the moment, Congress doesn’t even recognize cannabis as a medical treatment despite ample evidence showing that it can curb symptoms of depression, anxiety, ADHD, Alzheimer’s disease, and many other conditions.

Because of this unfortunate situation, you should choose a cannabis business consultant with experience working in your geographic area. If you operate in Florida, find a cannabis business consultant in Florida. If you have a store or farm in Michigan, find a consultant based in Florida.

Don’t take any chances by hiring someone who might not understand the nuances of your local laws.

Tip 2: Know What Areas of Help You Need for Your Business

Since many business consultants focus on specific issues in business development, you should start your search by identifying what areas of help your company needs. If you aren’t sure what areas apply to your plans, talk to a general business consultant to get a clearer idea of what you can expect.

Tip 3: Always Ask Cannabis Business Consultants About Their Qualifications

Does a cannabis business consultant really have the experience you need to grow your company? Before you hire someone, ask consultants about their educational degrees, real-world experience, and other companies they have helped.

Tip 4: Get References Before You Hire a Consultant

Ask business consultants to give you references so you can contact other companies that have worked with them. Reach out to those businesses in the cannabis industry to talk about their experiences. If they were happy with the consultant, there is a good chance that you will also have a positive experience. If they have a lot of complaints, it’s probably safest to choose someone else.

Tip 5: Choose a Cannabis Business Consultant Willing to Focus on Your Company’s Needs

Business consultants should never put their needs first. The client’s business matters more than anything else. If you get the impression that a cannabis business consultant near you cares more about enriching themselves, keep interviewing people until you find someone you trust.

Tip 6: Follow Your Instincts but Use Your Brain

Hiring an excellent business consultant isn’t always a straightforward decision. Someone can look perfect on paper. Despite that, you get a bad feeling about them. The opposite can also happen: Someone you click with might not have the experience you prefer.

Remember that this decision will have a direct impact on the growth of your business. Making the wrong decision could hurt your profits substantially. You want to hire a cannabis business consultant that appeals to your instinctual gut and your analytical brain.

Tip 7: Always Get a Contract Before You Use a Business Consultant’s Services

You’ve found someone you think can help your cannabis business grow. Congratulations! Now, take the time to have a lawyer write a contract that defines everyone’s expectations in the relationship. The contract could include:

  • Bonuses for reaching milestones.
  • The number of hours the consultant will work for you each week.
  • A timeline for meeting goals.
  • How much money the consultant gets paid.
  • How you can protect your business from consultants that don’t commit to your needs.

Talk to a Cannabis Business Consultant

Find a cannabis consultant today by searching the the listings on 420property. The website does not provide business consultant services, but it can help you find a reliable consultant for your cannabis business.

June 9, 2021Comments Off
Do You Need a Cannabis Lawyer if You’re Buying a Dispensary?

Buying any type of business can get complicated quickly. Even a basic contract can include a lot of legalese that makes it difficult for investors to understand the agreement’s nuances. The process becomes even more complex when you want to buy a cannabis dispensary. Suddenly, you need to make sure you follow laws that often change significantly not only from state to state but neighborhood to neighborhood. You need a cannabis business lawyer to ensure you follow the law and get a good deal that leads to a profitable dispensary.

The Role of California Cannabis Lawyers When Buying a Dispensary

A California cannabis lawyer can fill a variety of roles depending on how involved you want to be in the buying process. Some entrepreneurs want to remain as anonymous as possible, so they ask their lawyers to:

  • Create business entities that obscure their involvement.
  • Represent them during meetings and negotiations.
  • Review contracts to identify errors and explain details.
  • Make initial payments for the dispensary and related assets, such as stock and equipment.
  • Talk to local lawmakers, council members, and other influential people to make sure you follow every rule precisely.

On the other hand, some dispensary buyers just want their lawyers to play auxiliary roles. If you’re comfortable with companies business opportunities and negotiations, you might need a lawyer to provide basic services like:

  • Reviewing and submitting documents.
  • Making sure the dispensary’s operations align with local laws.
  • Overseeing final negotiations when you sign a contract and pay for the dispensary.

Obviously, it costs more to have a lawyer who’s involved in every step of the process. Many entrepreneurs decide to pay the higher price because they don’t want to risk making any mistakes during the buying and licensing processes.

Cannabis Business Lawyers Could Help You Build Relationships

Cannabis business lawyers often know a lot of people in the industry. Having a good relationship with your lawyer, therefore, could make it easier for you to make connections that benefit your dispensary. For example, your cannabis business lawyer might know a new company that makes boutique THC and CBD products for high-end consumers. Adding these items to your shelves could expand your brand’s target audience by attracting customers and patients with disposable income.

Lawyers in the industry are often happy to help clients connect with each other. Doing so means that they can create more opportunities for growth within the local cannabis market. It can also mean generating more work that helps them earn money. If you decide to enter a business contract with another brand, you will almost certainly turn to the cannabis lawyer who introduced you. It’s a smart way for professionals to create win-win situations for everyone.

A Cannabis Business Lawyer Can Provide Ongoing Support

No matter where your new dispensary is located, you need to take the local laws seriously. You cannot depend on last year’s rules to guide your future decisions. How you handle everything from advertising to packaging products could change within weeks.

A lawyer that specializes in cannabis businesses can keep you updated with emerging regulations. Is now the right time to buy a dispensary in Los Angeles? Your cannabis lawyer can help you make that decision based on expected changes in the legal and business landscape.

You have a dispensary to run. That already takes a lot of time. You will want to keep up with the major laws that affect your business, but you probably do not have time to handle the small details.

A cannabis lawyer, however, gets paid by clients to do the hard work of reading current and proposed laws. You can use that expertise to help you make smarter business decisions. For example, you might want to avoid buying a dispensary in a San Diego community if its lawmakers are considering restrictions for next year. Your cannabis lawyer can advise you whether it makes sense to buy or wait to see whether the laws change in ways that would affect your business’s success.

Local Cannabis Lawyers Can Provide Counsel for Your Business

It’s important to find a cannabis lawyer near me because the laws vary so much from place to place. A cannabis lawyer in Los Angeles probably won’t know about the details of opening and operating a dispensary in places like Denver, Portland, or Detroit.

In fact, knowing the dispensary rules in Los Angeles doesn’t even ensure that a lawyer knows everything essential about operating a dispensary in San Francisco. Even independent communities with Los Angeles can have unique rules. West Hollywood, for example, has limited permits for cannabis restaurants. Qualifying eateries can pair cannabis blends with foods for a splendid dining experience. As of mid-2021, at least, no other city offers such an option for public cannabis consumption.

Ongoing counsel from a cannabis business lawyer will help ensure that your dispensary takes advantage of new opportunities, conforms to recently passed rules, and always stays within the laws. For example, your cannabis business lawyer might have helped connect your dispensary with a cannabis restaurant. If an opportunity exists, why not take advantage of it as long as you have excellent legal counsel from an authority on cannabis law.

Understand the Risks and Penalties of Violating Cannabis Laws

Unfortunately, dispensaries have so many rules to follow that they can unknowingly violate local laws. Perhaps you didn’t know that you couldn’t advertise your cannabis dispensary on a certain street. Maybe you didn’t know that your area only lets dispensaries sell cannabis products grown off-site. If you get caught violating these and other rules, you could face hefty fines. Even worse, you could lose your permit to operate your dispensary.

A cannabis business lawyer near me can help you understand the risks and penalties of violating cannabis laws. Ideally, you get straightforward, no-nonsense advice from your lawyer that helps you stay within the rules at all times. Knowing the consequences of straying from the law could give you the motivation needed to pay close attention to your business activities.

Find Solutions When Federal and Local Laws Conflict

You already know that local and federal laws conflict when it comes to cannabis products that contain THC. It’s very unlikely that the federal government will target you as long as you operate in a state with legal cannabis. If the Department of Justice were going to shut down dispensaries, it probably would have done so under the direction of Jess Sessions, a known prohibitionist with a strict stance against legal cannabis. That didn’t happen, so it probably won’t now.

The conflict between state and federal laws can still create challenges, though. Some banks worry about doing business with cannabis dispensaries. Credit processors might also have issues letting people purchase your products with their accounts.

Until Congress makes it clear that dispensaries can operate without worry, other businesses will take a cautious approach.

Working with a cannabis lawyer, however, can help you identify payment processors, banks, lenders, and other institutions willing to accept your dispensary as a legitimate business that deserves the same services as other companies. Not every lawyer has this level of experience. You need someone who understands the industry and how some local organizations collaborate with each other for success.

Find an Experience Cannabis Lawyer

Contact a cannabis lawyer now so you can reap the benefits of working with an experienced professional who understands your needs from legal and business perspectives.

Every business needs a lawyer to help them follow industry and employment guidelines. Few industries need experts like the cannabis sector, though.

View cannabis businesses for sale on 420Property.com.

June 6, 2021Comments Off
Tips to Succeed as a Cannabis & Hemp Real Estate Agent

Investors and entrepreneurs entering the cannabis and hemp industry often need help from real estate agents familiar with properties that can support their business plans. Succeeding as a cannabis real estate agent or hemp real estate agent often means finding ways to exceed the expectations of your clients. That’s easier said than done if you’re new to the industry. The following tips will help beginner and experienced agents succeed in this growing market.

Get the Qualifications You Need to Sell Real Estate in a Green Zone

You will need to get a real estate agent’s license before you can start working with clients independently. The steps to getting your real estate agent’s license varies somewhat from state to state. In California, for example, the process involves:

  • Completing at least 135 hours of pre-licensing education.
  • Signing up for the salesperson exam.
  • Submitting your fingerprints for a criminal background check.
  • Getting a sponsorship from a currently licensed broker in California.
  • Scoring 70% or higher on the real estate salesperson exam.

Look up the requirements for your state so you can take the necessary steps toward qualifying for real estate agent jobs.

Some states have reciprocity agreements with other states. That means getting licensed in one state means you can conduct business in those with reciprocity agreements. Again, the rules can vary significantly from place to place. California does not have reciprocity with any state. Colorado, however, has full reciprocity with all states. If you’re qualified to work as a real estate agent in any U.S. state, you can also work in Colorado.

If states near you do not offer reciprocity, you may want to get licensed to work in more than one state. The option to sell and rent property in more than one state should make it easier for you to attract clients and help them find real estate that matches their needs.

Find a Mentor Who Can Show You How to Succeed

Cannabis and hemp real estate is a very “hands-on” industry. You will learn some of your most important lessons on the job. Lower the number of mistakes you make by finding a mentor who can show you how to succeed.

A mentor can help in several ways, such as:

  • Telling you how to spot signs that indicate a deal probably will not close.
  • Teaching you how to tell the difference between mediocre and excellent green zone properties.
  • Helping you navigate the complicated legal landscape that surrounds the cannabis industry in many states.
  • Introducing you to real estate agent jobs that normally go to more experienced people.

How do you find a mentor? Start by identifying professionals in your area you respect. You can also go to conferences and other professional events to meet people who interest you.

Perhaps most importantly, make sure others know that you want to learn from a mentor. You don’t want to come across as needy, but you do want to show that you take your career seriously and understand the importance of mentorships.

Understand the Diverse Needs of Cannabis and Hemp Real Estate Investors

Real estate agents for rentals and sales need to understand the diverse requirements of clients that want to work in the cannabis and hemp industry. Needs are specific to each client, but you can divide them into a few general categories, including:

  • Residential acreage
  • Warehouses with existing systems for indoor growing
  • Industrial spaces for making cannabis products and storing merchandise
  • Farmland for growing cannabis and hemp outdoors
  • Greenhouses for sale that can extend the growing season
  • Commercial and retail spaces where companies can sell to patients and customers

At first glance, this might not seem very difficult. How hard is it to find an attractive retail space in a high-traffic area? That might depend on local ordinances that dictate where cannabis and hemp retailers can operate. Some communities in states with legal cannabis do not allow any dispensaries or cannabis retail stores. Others have fairly permissive laws that make it much easier for companies to reach their customers.

To really understand the needs of hemp and cannabis real estate clients, you should also learn about topics like agriculture, hydroponics, and extraction equipment. The more you know, the more helpful you become as a hemp and cannabis real estate agent.

Market Your Expertise to Attract More Clients

Once you have an expertise in cannabis and hemp properties, you can use your experience to attract more real estate agent jobs in the industry. Many people find that they can market themselves effectively by:

  • Starting professional websites where they can publish blog posts to build authority and increase organic search traffic (make sure you include long-tail keywords like “cannabis real estate agents near me” and “cannabis real estate agents for rentals”).
  • Writing guest posts for industry websites, newsletters, and blogs.
  • Posting to popular social media platforms, including options like LinkedIn that focus on professional relationships.
  • Advertising your services on professional directories.
  • Staying in contact with previous clients by sending them cards and emails for special occasions.

More companies and investors are looking for real estate agents with rentals and property for sale. At the same time, more real agents are getting involved in the industry. Make yourself stand out so you can attract clients before your competitors can.

Connect With Renters, Buyers, and Sellers to Build Relationships

You cannot overestimate the importance of building relationships in the real estate industry. Getting real estate agent jobs is often as much about who you know as how much experience you have.

Many real estate agents find that they thrive financially by putting clients ahead of their revenue goals. Instead of focusing on closing deals, try to establish relationships between as many people as possible. That could mean taking time out of your busy schedule to introduce a potential buyer to an investor or private lender. You don’t know that you will profit from the introduction, but you will establish yourself as a trustworthy, helpful person willing to put other people’s interests ahead of your own. In the long run, this approach often means you gain the reputation needed to succeed in real estate and cannabis.

Advertise Your Services and Listings on 420Property

Start advertising your listings and services on 420Property.com for free. You can also increase your exposure by upgrading to a Featured Listing, adding a Social Boost, or getting a Dedicated Email. Learn more about advertising your services on 420Property.com so you can choose an option that fits your budget and professional goals.

June 4, 2021Comments Off
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
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