Tags Posts tagged with "marijuana"

marijuana

Presenting the Action Plan for Cannabis Legislation at Queen’s Park, from left: Matthew Thornton, OREA’s VP of public affairs and communications, David Reid, president of OREA; and Larissa Smit, OREA’s manager of policy.

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Growing cannabis indoors requires high humidity and high temperatures. These conditions create perfect conditions for mould and fungus to grow and spread, which is difficult and expensive to remediate.

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I have now given more than 30 seminars about the new Cannabis Act to real estate brokerages, real estate boards and landlord groups.

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What condo owners and tenants may not realize is that the right to use cannabis is not unrestricted. The legalization of marijuana does not give people free rein to smoke just anywhere they like.

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Cannabis, also known as marijuana, will be legalized in Canada on Oct. 17. However, that doesn’t mean you can use it anywhere you wish.

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I am already receiving calls about how sellers, buyers and real estate agents are to prepare for the new Cannabis Act, now scheduled to become law in October.

Marijuana Paradise is a pot dispensary in Portland Oregon, part of a string of retail drug stores that have popped up as a result of the state of Oregon passing a law legalizing the use of marijuana. (iStock.com/joshuaraineyphotography)

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With the legal retail sale of recreational cannabis, Avison Young has developed a request-for-qualifications (RFQ) framework for landlords to determine whether these retailers are a good fit for their properties.

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Are Canadian home buyers really bothered by the presence of legal pot? According to new national survey data, when it comes to homes where pot has been puffed, buyers would rather pass.

Presenting the Action Plan for Cannabis Legislation at Queen’s Park, from left: Matthew Thornton, OREA’s VP of public affairs and communications, David Reid, president of OREA; and Larissa Smit, OREA’s manager of policy.

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Echoing the challenges raised by CREA, OREA’s five-point marijuana report says “four recreational plants is a lot of weed” and calls for a “reduction in plants for multi-unit dwellings”.

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A hydroponic grow box called Grobo may be the solution for real estate professionals seeking to help select clients grow cannabis safely in their homes once the practice becomes legal, says financial consultant James Zaza.

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The legal marijuana business is booming and landlords are taking notice because these businesses have a solid cash flow and are able to pay a premium in rent. Make sure the following critical steps are taken to avoid risk.