CANNABIS REAL ESTATE CONSULTING
The value of your cannabis business is greatly determined by the capital spent on real estate overhead and location.
ACQUIRING COMPLIANT REAL ESTATE IN THE APPLICATION PROCESS AND AFTER CANNABIS LICENSE AWARD SETS YOU APART FROM THE COMPETITION
Determining your operation's location is essential for streamlining the cannabis business license application process, and it could also provide your team with a competitive edge. Many states require that applicants secure compliant real estate and submit facility and security plans as a part of the business license application. Therefore businesses are challenged with balancing tight deadlines to lease or purchase a property and complete the required business planning to obtain a license. In addition, once you are operational, compliant, well-located real estate can provide an ongoing strategic advantage for your firm.
By taking on this cannabis real estate balancing act now, you may see less competition, be able to secure a more desirable location, have more time to address local compliance issues, and better negotiate complex cannabis-specific leasing terms. Committing to a lease early can, however, turn into a costly waiting game, but there are strategies you can employ to minimize losses and promptly breeze through compliance inspections. Cannabis Portugal can help identify and secure key locations in your market that satisfy both local regulatory requirements and the needs of your operation.
CANNABIS PORTUGAL CAN HELP YOU STRIKE THE RIGHT BALANCE BETWEEN COMPLIANT ZONING AND FINDING A COMPETITIVE LOCATION OPTIMIZED FOR YOUR BUSINESS TYPE.
The perfect real estate in this industry strikes a balance between compliant zoning, set-back requirements, community approvals, and operational viability. Local zoning ordinances often restrict cannabis businesses from operating near such areas as parks, churches, daycare facilities, addiction treatment facilities, and schools, so it is not only crucial to understand your local zoning ordinances but also to determine if your targeted neighborhood is cannabis-friendly.
After that, you will need to take into account the particular needs of your operation. For example, if you are opening a cultivation operation, does your property have enough room for your canopy with the flexibility to scale in the future? Can your facility accommodate compliant waste disposal? The right property can have a powerful influence on your production capacity, ease compliance, improve security, and increase overall sales.
Keep in mind that several states allow local municipalities to impact cannabis companies by charging fees, requiring special permits and/or licenses, and levying additional taxes on cannabis businesses. Therefore, cannabis real estate consulting helps to ensure that your prospective property is a viable and optimal option for your business before paying any fees or submitting your state license application.
We will help you and your team to:
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Locate suitable property choices
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Conduct a site zoning analysis to produce compliant property search results
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Assess sites and buildings for operational viability and compliance
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Develop site-specific security plans for your property
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Create site designs for building plans
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Review leasing documentation and assess risk