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FAQs – Frequently Asked Questions

Read through frequently asked questions about our service, the cannabis industry, and how it all relates to real estate.

You can also sign up on the site to get more information on each service type we offer:


  • 1. General
  • 2. About CREC
  • 3. Cannabis Laws
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  • 1. What properties are for sale near me?
     

    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.

    CREC will help expose you to a wide range of commercial cannabis properties for sale near you.

    Sign up as a buyer on our website to get started.

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  • 2. Why do I need an agent?
     

    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.

    Sign up as a seller on our site to get started.

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  • 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.

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  • 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.

    Contact us with any more questions

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  • 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.

    Read our guide for investing in cannabis right now

    Search through our directory of cannabis real estate properties

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  • 6. Are my taxes paid in advance?
     

    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.

    View our cannabis real estate properties

    Sign Up as a Buyer

    Sign Up as a Seller

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  • 7. Are my taxes deductible?
     

    You are investing in real estate so under current tax law property taxes are deductible.

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  • 8. Are my transactions public record?
     

    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.

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  • 9. How do I determine what price to sell for?
     

    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.

    Learn more on our blog about why investing in cannabis is a wise move right now.

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  • 10. Are property values dropping?
     

    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.

    Search through our available cannabis properties in green zones.

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  • 1. How does investing work with CREC?
     

    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.

     

    Read our guide for investing in cannabis

     

    Click here to apply as an investor

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  • 2. Who will be my CREC agent?
     

    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.

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  • 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.

    View our cannabis real estate properties

    Sign Up as a Buyer

    Sign Up as a Seller

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  • 4. How do you (CREC) get listings for your site?
     

    CREC receives cannabis real estate 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:

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  • 5. What will your attorneys do to help?
     

    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.

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  • 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 recieved that are viable 420 property options 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.

     

    Click to learn about your options for listing a property

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  • 1. 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!

    You can also sign up as a buyer to have a better opportunity at new properties we list on the site - https://cannabisrealestateconsultants.com/listings/buyers/

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  • 2. Can I travel with cannabis outside the state where I purchased it?
     

    One of the big NOs in the cannabis industry is absolutely do not cross state lines with cannabis.

    Cannabis is still illegal under federal law, and can cause you jail time or worse if discovered.

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  • 3. 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.

    You can learn more about recreational cannabis laws in California from http://theweedinitiate.com which is run by an immigration and cannabis attorney.

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  • 4. Can I send cannabis seeds in California mail?
     

    No. It is federally illegal to mail or distribute marijuana through the mail in any state.

    Learn more about recreational laws in California at http://theweedinitiate.com

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  • 5. Can you grow cannabis year-round in California?
     

    California has no restriction on when you can grow and operate a cannabis cultivation facility.

    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!

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  • 6. Can anyone buy weed in California?
     

    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.

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  • 7. 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.

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  • 8. How do I get my medical card in California?
     

    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.

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  • 9. 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.

    Learn more about CA recreational laws at http://theweedinitiate.com

     

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  • 10. 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.

    Search our cannabis real estate directory to see what properties we have available with state licenses already approved for your best option as a seller.

    Please sign up on our website as a buyer if you are interested in a property for your cannabis business. https://cannabisrealestateconsultants.com/listings/buyers/

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