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.