You can see other properties for sale and lease on CREC’s property directory or visit other online commercial real estate listing services such as LoopNet or CoStar.
Agents minimize the time wasted looking for buyers because of their extensive networks. Agents maximize value for a seller and also negotiate favorable terms amidst complex deals for buyers.
3. What is the difference between an agent and a broker?
A real estate broker is a person who has taken education beyond the agent level as required by state laws and has passed a broker's license exam. Brokers can work alone or they can hire agents to work for them. Agents need to work in conjunction with a broker.
4. How do appraisals for cannabis use differ from a normal appraisal?
Although much of the appraisal process is similar for both traditional and cannabis properties, there are some key differences.
The returns earned by landlords and sellers tend to be higher for cannabis businesses. This results in higher appraised values, and ultimately higher sales prices. As with any appraisal of a commercial property, the quality of a tenant will have an impact on the appraisal price. Since the legal cannabis business is relatively new, knowing your tenant and how they impact the appraisal process is an important part of the commercial cannabis real estate process.
5. How is a stock investment different from a property investment?
Cannabis properties are different than stocks since the underlying asset is real estate. This may be more comfortable for the investor, understandable and secure than investing in cannabis stocks which can experience a great deal of volatility. No one type of investment is appropriate for everyone.
A PORTION OF YOUR TAXES MAY BE PAID by you or the former owner AT CLOSING ON YOUR PURCHASE. Once you own the property, the county sends a tax bill each year. In California taxes are usually paid in two semi-annual installments due in December and April of each year.
Yes, the information about property purchase and the terms and conditions of mortgage loans (if any) are recorded among the land records in the jurisdiction where the property is located.
These documents are public. Property records are maintained at either the county courthouse, county recorder, city hall or another city or county department. All property-related records, including property ownership, assessed values, maps, property sales listings, characteristics, and historical Tax Collector information are typically available. Many counties will also maintain records online.
There are a number of factors that play into what price to list your 420 friendly properties for cannabis use. The best place to begin is for us to find comparable properties in your area and understanding what they sold for, when they sold, and the differences between those properties and your own. We compare your property to other properties on the market and pay close attention to lease rates, amenities, and location.
For commercial properties, another factor to consider is the Capitalization Rate (or CAP rate) - This is the rate of return on your property, and takes the annual income of the property and divides it by the amount you invested. For example: If your investment in a property is $1,000,000, and the annual income on the property is $100,000, the CAP rate is 10% ($100,000 divided by $1 million). Individual factors, specific markets and the use of the property will impact what the CAP rate is for your property.
Sadly, not at this time. In most markets we are working, real estate values continue to climb...especially in the markets that are allowing cannabis businesses.
Demand for this special use will increase the value of qualifying properties, the amount of people, and the amount of ways to invest in cannabis.
11. How Do I Access the Cannabis Listing Service (CLS) & Matching Tool?
If you are an on-market seller, buyer, or investor of cannabis licenses / real estate now or in the future, than you HAVE to be listed in the CLS!
Did you get an email notification? We are currently reaching out to all contacts who have submitted information to us over the past 5 years and we hope you will take a moment to update your records in the CLS. If you received an email, please click the link to update each of your records or contact us at info@crec.us for support updating your records for the CLS.
If you received an email, click the link to update your record. You can select inactive and put why in more details field or select active and then update all your details to be found in the CLS.
If you did not, you can add your details to the CLS below:
It is FREE for everyone to add their details to the CLS, to be matched now and in the future.
*Members of the CREC Network have full access to the Cannabis Listing Service and Matching Tools!
The Cannabis Listing Service (CLS) is a proprietary system and private database developed by Cannabis Real Estate Consultants to connect buyers and sellers based on their specific criteria entered in the CREC Portal.
When you add your details to the CLS, you are automatically matched with our current records and with people searching for your interests in the future!
This listing service not only shows viable, certified properties/licenses available for cannabis, but it also shows the buyers who are active and potentially interested in your opportunity. Join us as we scale to better match buyers and sellers in the cannabis industry, privately!
How Do I Access the Research & Matching Tools? Access to the matching tool and other technology is available to CREC Network Member Subscribers. When you submit your details into the CLS it will trigger the matching tool and our agents will contact you with any high quality opportunities. You will now be in the CLS and available for other matches in the future.
All your data has to be correct to make the most out of our matching tool, which uses 6 key data points in an algorithm developed from 5+ years of research in our brokerage. It has been designed to connect our audience with their best potential fits and you can only be matched if you have updated your CLS records. It should only take a few minutes to add your interests.
The CREC Portal and Custom Cannabis Maps allow you to pin point exact locations that will be viable for cannabis operations. There is truly no other tool on the market that provides more information to find eligible properties in a variety of locations.
If you do not have an email notification to click, but want to add your details, use these forms to add your contact info and then complete the second form with your property or buyer details.
We have more than one real estate developer/investor interested in finding cannabis tenants and are willing to buy, or build, buildings on parcels with qualified tenants.
They require qualified tenants and by qualified they mean businessmen who have a success story, preferably in the cannabis industry. If not, a the tenant should have a strong history outside of it. Our investors/developers are focused on the operators history of meeting their goals, scaling a business, and financial responsibility.
What do investors/developers require?
Historical Success
Previous businesses or operations
Executive team and site management team introduction and bio’s
Operations History – full financials and milestone achievement
This will include a business plan and a timeline that shows when they achieved each of their goals in comparison with what they had planned.
Business Scope and Long Term Plan
Vertically integrated business with plans to expand the operation at this location.
Contracts or Distribution Network
If there are retailers or clientele in the chain that needs more of your product
Current Financials
What you as an operator will spend on build out
How much is allocated for the lease and your terms during construction
Lease Terms
5-15 year lease terms, lease will be calculated depending on an initial cap rate and a maximum capacity cap rate.
Guarantor
Personal or corporate guarantor, for the duration of the lease.
What does the operator get out of it?
A financial partner that will back any real estate necessities from acquiring buildings to building whatever structure is required for expansion on land.
Many of these developers have secured agreements with operators nationwide, and are excited about the industry.
A pro cannabis landlord that will provide full support for licensing and any architectural requirements.
Helps with CUP amendments for new state license applications.
A built to suit property if done on a parcel, that meets all the requirements of the operator.
Perfect for those who are automating 3 or 4 tier cannabis operations or have other requirements such as cogeneration or multiple C1D1/D2 rooms.
Qualifying takes a couple weeks, and requires three meetings with the developer/investors.
Have all your above documentation and information available to make the process go smoothly.
The first step is to take a realistic look at the amount you wish to invest and how long you need until you realize profits. Also, you will need to know whether a property will require tenant improvements or additional investment.
Based on those amounts, CREC can help you determine the type of cannabis property that may be most suited to you.
There are multiple agents working at CREC. We have an experienced team and will match you up with the agent who will best be able to assist you and your property type. Please get started by signing up on our website and looking through our 420 friendly real estate directory.
3. How do you find buyers for properties or tenants for landlords?
CREC utilizes our extensive networks to save time. The CREC website also is an easy to use place for buyers and tenants to look for available properties.
CREC receives cannabis real estate in Oregon, California, Michigan, Florida and more city listings from property owners who contact us directly or submit online. We also receive referrals from satisfied customers and our network of fellow brokers. Each property is reviewed and analyzed for potential cannabis usage. Please submit your listing to get started.
You can also search for listings based on their potential property type:
CREC can introduce you to attorneys that we have worked with in the past or that have been recommended to us that can most likely handle your legal issues.
Attorneys that work with CREC can assist in drafting and negotiating lease terms and purchase agreements, conduct due diligence to ensure all legal measures are covered in regard to city, county, and state regulations, and confirm that a property meets the legal restrictions and criteria for a cannabis business.
6. What is the difference between CREC Certified and General / Unverified Listings?
The CREC Certified listings have a verified license, have been reviewed to be in the correct zoning and our the properties we received that are viable 420 property in California, Oregon, Michigan, Florida and more for establishing a cannabis business.
General / Unverified listings were not analyzed by our staff and we do not recommend for or against these properties.
We still recommend that you use the CREC Certified listings to have the best opportunity for selling your property for cannabis use, but this new listing type now gives everyone access to sharing their property on our growing platform.
7. How Do I Access the Cannabis Listing Service (CLS) & Matching Tool?
If you are an on-market seller, buyer, or investor of cannabis licenses / real estate now or in the future, than you HAVE to be listed in the CLS!
Did you get an email notification? We are currently reaching out to all contacts who have submitted information to us over the past 5 years and we hope you will take a moment to update your records in the CLS. If you received an email, please click the link to update each of your records or contact us at info@crec.us for support updating your records for the CLS.
If you received an email, click the link to update your record. You can select inactive and put why in more details field or select active and then update all your details to be found in the CLS.
If you did not, you can add your details to the CLS below:
It is FREE for everyone to add their details to the CLS, to be matched now and in the future.
*Members of the CREC Network have full access to the Cannabis Listing Service and Matching Tools!
The Cannabis Listing Service (CLS) is a proprietary system and private database developed by Cannabis Real Estate Consultants to connect buyers and sellers based on their specific criteria entered in the CREC Portal.
When you add your details to the CLS, you are automatically matched with our current records and with people searching for your interests in the future!
This listing service not only shows viable, certified properties/licenses available for cannabis, but it also shows the buyers who are active and potentially interested in your opportunity. Join us as we scale to better match buyers and sellers in the cannabis industry, privately!
How Do I Access the Research & Matching Tools? Access to the matching tool and other technology is available to CREC Network Member Subscribers. When you submit your details into the CLS it will trigger the matching tool and our agents will contact you with any high quality opportunities. You will now be in the CLS and available for other matches in the future.
All your data has to be correct to make the most out of our matching tool, which uses 6 key data points in an algorithm developed from 5+ years of research in our brokerage. It has been designed to connect our audience with their best potential fits and you can only be matched if you have updated your CLS records. It should only take a few minutes to add your interests.
The CREC Portal and Custom Cannabis Maps allow you to pin point exact locations that will be viable for cannabis operations. There is truly no other tool on the market that provides more information to find eligible properties in a variety of locations.
If you do not have an email notification to click, but want to add your details, use these forms to add your contact info and then complete the second form with your property or buyer details.
We have more than one real estate developer/investor interested in finding cannabis tenants and are willing to buy, or build, buildings on parcels with qualified tenants.
They require qualified tenants and by qualified they mean businessmen who have a success story, preferably in the cannabis industry. If not, a the tenant should have a strong history outside of it. Our investors/developers are focused on the operators history of meeting their goals, scaling a business, and financial responsibility.
What do investors/developers require?
Historical Success
Previous businesses or operations
Executive team and site management team introduction and bio’s
Operations History – full financials and milestone achievement
This will include a business plan and a timeline that shows when they achieved each of their goals in comparison with what they had planned.
Business Scope and Long Term Plan
Vertically integrated business with plans to expand the operation at this location.
Contracts or Distribution Network
If there are retailers or clientele in the chain that needs more of your product
Current Financials
What you as an operator will spend on build out
How much is allocated for the lease and your terms during construction
Lease Terms
5-15 year lease terms, lease will be calculated depending on an initial cap rate and a maximum capacity cap rate.
Guarantor
Personal or corporate guarantor, for the duration of the lease.
What does the operator get out of it?
A financial partner that will back any real estate necessities from acquiring buildings to building whatever structure is required for expansion on land.
Many of these developers have secured agreements with operators nationwide, and are excited about the industry.
A pro cannabis landlord that will provide full support for licensing and any architectural requirements.
Helps with CUP amendments for new state license applications.
A built to suit property if done on a parcel, that meets all the requirements of the operator.
Perfect for those who are automating 3 or 4 tier cannabis operations or have other requirements such as cogeneration or multiple C1D1/D2 rooms.
Qualifying takes a couple weeks, and requires three meetings with the developer/investors.
Have all your above documentation and information available to make the process go smoothly.
Obtaining a medical recommendation from a doctor in California is not as difficult as it sounds.
There are several methods; a consultation online, through your primary care doctor, or a dedicated clinic close to you. An easy tool to help you find a doctor in California is https://weedmaps.com/doctors/in/united-states/california/. Most dispensaries require a state ID with your medical card, so if you are just visiting you will not be able to purchase marijuana legally until January 1, 2018 when CA recreational marijuana laws take effect.
Yes, after January 1, 2018, it will be legal state-wide for anyone over 21 years of age to purchase, recreationally use, and grow cannabis in California. Until then, you will need a medical recommendation from a doctor in-state.
Instead, California state law distinguishes between indoor and outdoor growing. The good news in California is, any Californian has the legal right to grow indoors up to the state legal limit of 6 plants. However, every city dictates outdoor regulations. Check your local laws to see whether you can grow outdoors or not!
4. Can you smoke cannabis in public in California?
No.
January 1, 2018, cannabis will be recreationally legal in California.
However, this doesn’t mean it is something you can do at any time. It will be regulated much like alcohol, with specific licensed locations where it is legal to consume.
6. How much cannabis can you buy or sell in California?
Adults 21 and up and not already participating in California’s medical cannabis program can grow up to six marijuana plants, possess up to 28.5 grams of dried flower and 8 grams of concentrate. Those who grow their marijuana may keep all of the harvest obtained from their plants. To sell cannabis commercially in California you must obtain a state license, or risk facing serious jail time. Products like CBD oil for dogs are now coming on the market and since they have no THC are being treated differently in the eyes of the law thanks to the new 2018 Farm Bill.
7. Where can I grow cannabis commercially in California?
Every city and county is permitted to enact their own laws for commercial growing including zoning, permitting, taxes, fees, licenses, etc.
After reviewing properties zoned for cannabis use and selecting one to build out and squire the correct licensing, you will also need to receive a license from the State of California. Talk to one of our agents who specialize in helping you assure this exact thing!
View all our cannabis greenhouses and cultivation properties we currently have available!
9. Can I buy cannabis in Oregon with my California Medical Card?
Anyone over the age of 21 can purchase and consume marijuana recreationally in Oregon without the use of a medical recommendation, even if you are a tourist or from out of state.
10. Could having my cannabis card get me deported?
Legalization of marijuana in California, although progressive, does not mean complete freedom for illegal residents or those in the process of becoming citizens. Simply because you have a cannabis card does not mean that you are actually using it or not or actually using marijuana. However, being caught with possession of marijuana by a federal agent could cause you issues.
The application process is long and expensive. It also varies county by county and that adds extra complications. It is essential that you find a professional compliance partner you can trust along the journey. Read more about our California Cannabis Compliance Services.
2. What areas of the world does your compliance division cover?
Our team specializes in California Cannabis Compliance and tend to be the most knowledgeable about California regulations. We do have experience throughout the United States and Canada. With our several referral partners, we will help you find out the information you need to be successful.
Always do research on your own to become familiar and also find a trusted compliance partner as you grow alongside the changing laws.
We will follow up with you to get more information and schedule a time for our call after you have filled out the form completely. Using the form allows us to collect the necessary information to do our research before the call and make the most of everyone’s time.
If you have a question, send it to us and we can quickly answer it. Our team is very busy and we will do our best to answer your question quickly, but it may take us up to 3-4 business days to give you feedback. More detailed questions may be subject to billable hours and paid consulting efforts. The first consultation is always complementary.
5. What budget should I expect to start a cannabis business?
$100,000 to $500,000; depending on if you want a business that needs a license and the county you want to be located in, that cost can go significantly higher!
We always suggest more since there are plenty of unexpected costs along the way. It is best to have an investor, rather than try to bootstrap the costs on your own.
We’d recommend you read a few of these articles on our website:
We have been selected as a top cannabis consultant firm in California by 10Buds. There are many varieties of consultants and while we focus on real estate and business transactions, we have a network of professionals to assist your business at each stage of growth. You may consider reading this article published by 10Buds, discussing the ins and outs of cannabis consulting, with recommendations for their top consulting firms.
