Identifying upcoming California cannabis retail markets takes a lot of time and industry insight. It’s very important information for you to stay ahead of the curve and it will certainly benefit your business decisions when looking to expand operations over the next few years.
CREC offers one stop shop consulting services nationwide from licensing, financing, compliance, legal, and more. Commercial market research is the most important method to help our clients find new locations. Our Market Research Analyst Mitch Kraemer is up to date everyday with nationwide cannabis regulations, so YOU can make the best decision for your business.
Mitch’s Picks is where he shares his valuable research in the industry with you!Â
In this blog post, we present to you the Upcoming California Cannabis Retail Markets.
1. Monterey
Why: The city of Monterey recently directed city staff to develop an adult use ordinance for the city that would allow up to three storefront retail locations in the coastal city for the first time. Â
Proposed Uses: Storefront Retail
About the city: Monterey is a city on California’s rugged central coast. Its Cannery Row, one-time center of the sardine-packing industry, was immortalized by novelist John Steinbeck. Today, it’s a popular strip of gift shops, seafood restaurants and bars in converted factories. Also famous is Monterey Bay Aquarium, with thousands of marine animals and plants on display in underwater and interactive exhibits.
2. Manteca
Why: The city of Manteca recently passed its adult use ordinance and is currently working on application procedures and guidelines. Â
Use Types: Storefront and non-storefront Retail
About the city:Â Manteca is a city in San Joaquin County, California. The city had a population of 67,096 as of the 2010 census and an estimated population of 83,028 in 2019.
3. Long Beach
Why: The city of Long Beach is currently working on two separate ordinance amendments to allow non-storefront delivery licenses, expand the retail green zone, and release up to additional social equity dispensary licenses. City staff will be presenting the dispensary ordinance to the City Council first in March 2022 and will present the delivery ordinance at a future City Council meeting, likely in May 2022.Â
Use Types: Storefront and non-storefront Retail
About the city:Â Long Beach is a city in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California.
View Long Beach Real Estate and Cannabis Regulations
About Mitch Kraemer
Mitch is a market research analyst at Cannabis Real Estate Consultants. He brings a desire for research and has a strong sense on market movements and emerging markets for cannabis real estate / business opportunities.
Mitch’s analytical mindset and the robust CREC Portal allow him to stay up to date on jurisdiction, municipality, and state changes for cannabis regulations. Mitch’s research is vital to our real estate brokerage due to his vast knowledge and understanding of upcoming or current cannabis regulations.
Contact us to for further analysis of CA retail opportunities to get out ahead of the game, with the knowledge to make more effective, and less risky decisions for your expansion strategy.
