flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Six more states approve legal marijuana, creating opportunities for developers

Codes and Standards

Six more states approve legal marijuana, creating opportunities for developers

Federal prohibition complicates the picture.


By Peter Fabris, Contributing Editor | November 14, 2016

Photo: Brian Robert Marshall, Creative Commons

Voters in three states, California, Massachusetts, and Nevada, approved recreational marijuana, and in three others—Florida, North Dakota, and Arkansas—they approved medical marijuana.

As pot becomes legal in more states, opportunities for commercial real estate developers to tap into this market are growing. Growing marijuana requires a lot of space with a consistent climate, making the industry well suited for large warehouse spaces.

Additional space is needed for packaging and distributing edible forms of the drug. Retail marijuana shops will stimulate activity in the retail sector.

Pot’s continued illegality at the federal level complicates matters, though. Marijuana businesses struggle to find banking solutions and operate underground or with cash exclusively. A lack of banking/finance could be an ongoing constraint on scaling up these businesses.

Related Stories

Codes and Standards | Nov 29, 2016

Seattle imposes new construction regulation to address rat problem

The city ranks first in U.S. in rat population.

Codes and Standards | Nov 28, 2016

Construction groups sue New York City over crane safety regulation

The rule bans cranes from operating when wind exceeds 30 mph.

Codes and Standards | Nov 28, 2016

Marines plan first net zero energy military base

The Albany, Ga., site will have ground source heat pumps and a biomass generator.

Codes and Standards | Nov 18, 2016

Mahesh Ramanujam takes reins as U.S. Green Building Council President and CEO

Ramanujam brings his tech and business consulting background to the post.

Codes and Standards | Nov 18, 2016

Canada GBC launching Zero Carbon Buildings Initiative

First step toward Zero Carbon Building Standard.

Codes and Standards | Nov 17, 2016

Santa Monica, Calif., passes historic net-zero ordinance

Includes more stringent commercial, multifamily building standards.

Codes and Standards | Nov 14, 2016

Los Angeles voters approve billions to tackle traffic and homelessness

The approved measures will create new rail lines and permanent housing.

Codes and Standards | Nov 9, 2016

NRMCA updates environmental impacts of concrete

The EPD now includes 88 companies, 72 mixes.

Codes and Standards | Nov 9, 2016

Louisiana flood projections require urgent action, officials say

The 'no net loss’ prediction now seems unrealistic.

Codes and Standards | Nov 8, 2016

American Concrete Institute offers new guide for repair of concrete buildings

The guide provides assistance on assessment and rehab.

boombox1
boombox2
native1

More In Category


Reconstruction & Renovation

Movement to protect historic buildings raises sharp criticism

While the movement to preserve historic buildings has widespread support, it also has some sharp critics with well-funded opposition groups springing up in recent years. Some opponents are linked to the Stand Together Foundation, founded and bankrolled by the Koch family’s conservative philanthropic organization, according to a column in Governing magazine.



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021