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:
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.
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.
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.
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.
Search through our directory of cannabis real estate properties
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.
Learn more on our blog about why investing in cannabis is a wise move right now.
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.
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.
Click here to apply as an investor
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:
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.
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.
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/
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.
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.
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!
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.
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.
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.
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.
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/