Shares of industrial warehouse companies such as Prologis Inc, Rexford Industrial Realty Inc and Terreno Realty Corp that have significant exposure to the California market should benefit even if they do not lease to marijuana companies directly, fund managers and analysts say.
Tag Archives: Warehouses
Since the legalization of recreational marijuana in the state of Colorado, the real estate has faced a sudden boom of businesses looking for storefronts and growing warehouses.
Warren Buffet owes part of his fortune to selling ice cream, soft drinks and candy. Now, a company in Buffet’s Berkshire Hathaway Inc. is turning to marijuana.
Recreational marijuana has owners of Denver industrial property seeing green in more ways than one. Industrial warehouse space is becoming scarce in Denver for pot-growing operations. On March 11, 2o14, The Denver Post reported that the competitive market of warehouses for pot operations puts dispensaries in a head-to head competition for the space.