Three words: location, location, and location. Those are the three most important factors to look for when investing in real estate. Of course, it helps a great deal when the location of your investment properties happen to be in the same place that recently legalized the recreational use of a substance that millions of people are enthusiastic about. It certainly doesn’t take a millionaire real estate mogul to figure that fact out. For almost three years now, the housing market in Colorado and in Denver especially, has been booming.
California Insurance Commissioner Dave Jones has been on a mission to ensure state-legal cannabis businesses have commercial insurance coverage and with his announcement of the first California cannabis surety bond program on Feb. 21, 2018, he continues to make progress.
More strife is on the horizon for Ohio’s troubled medical cannabis program. On Feb. 20, 2018, a group of unsuccessful medical cannabis applicants, led by Jimmy Gould of CannAscend Ohio LLC, filed a lawsuit challenging the state’s medical cannabis licensing process.
While the province of Newfoundland and Labrador has its key policies in place for recreational legalization and has secured a supply agreement with Canopy Growth Corporation (TSX:WEED) to provide cannabis for the province, it is now ready to hear from prospective cannabis retailers.