Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.
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| Patrick Kavanagh Chicago Property |
California is set to legalize marijuana trading next year and it’s already leading to an economic uptick in the Golden Bake, um, I mean Golden State.
According to this great article in National Real Estate Investor: “This highly anticipated event is attracting private real estate investors from across the U.S. who want to take advantage of the opportunity opened with the legalization of cannabis use in the sixth largest market in the world,“ writes Patricia Kirk.
For a more comprehensive look at the impact of legalizing marijuana on the national real estate markets, see this marijuana feature by HousingWire's own Caroline Basile, exclusive to Housing Wire subscribers only.
Basile notes: “With recent changes, banks are finding an opening to serve lucrative marijuana businesses. Nationally, 29 states have now legalized marijuana in some form, either recreation ally, medicinally, or both, generating billions of dollars in sales. These billions of dollars mean there is much that banks could make from this booming industry, but federal laws and guidance have made things complicated for financial institutions who want in.”
Kirk’s piece states that the market for legal cannabis use is projected to grow by compounded annual rate of 18.5%, from $2.76 billion in 2015 to $6.5 billion by 2020, according to a report co-produced by New Frontier Data and ARCVIEW Market Research.
According to this great article in National Real Estate Investor: “This highly anticipated event is attracting private real estate investors from across the U.S. who want to take advantage of the opportunity opened with the legalization of cannabis use in the sixth largest market in the world,“ writes Patricia Kirk.
For a more comprehensive look at the impact of legalizing marijuana on the national real estate markets, see this marijuana feature by HousingWire's own Caroline Basile, exclusive to Housing Wire subscribers only.
Basile notes: “With recent changes, banks are finding an opening to serve lucrative marijuana businesses. Nationally, 29 states have now legalized marijuana in some form, either recreation ally, medicinally, or both, generating billions of dollars in sales. These billions of dollars mean there is much that banks could make from this booming industry, but federal laws and guidance have made things complicated for financial institutions who want in.”
Kirk’s piece states that the market for legal cannabis use is projected to grow by compounded annual rate of 18.5%, from $2.76 billion in 2015 to $6.5 billion by 2020, according to a report co-produced by New Frontier Data and ARCVIEW Market Research.
Patrick Kavanagh Chicago passionate about the Chicago Property market, offering property for sale in a niche market. Patrick Kavanagh Chicago have excellent contacts in the Chicago banking and wholesaler markets. Experienced Chicago realtor. I always strive to offer excellent value for money with high yields rental homes. I care for each of my clients. I offer excellent after sale service. I deliver on what I promise.
For More Information: - Patricia Kirk
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