Anita Sabine Esq.

Commercial Real Estate Opportunities in the Emerging Cannabis Industry

By Anita Sabine Esq., Partner in the Real Estate and Land Use Practice Group, Manatt, Phelps & Phillips, LLP             Retail, multi-family, office building and industrial real estate need to move over once again to make room for another niche sector ostensibly related to health care. The newest emerging commercial real estate market truly is a virgin market—cannabis real estate. Marijuana is the fastest-growing industry in the U.S., according to researchers at The ArcView Group, a cannabis industry investment and research firm, with legal sales said to have hit $5.4 billion in 2015. Currently, there is a gaping hole in…