{"id":1004104306,"date":"2014-10-06T06:53:16","date_gmt":"2014-10-06T14:53:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004104306"},"modified":"2022-12-08T08:19:25","modified_gmt":"2022-12-08T16:19:25","slug":"october-issue-green-rush","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/october-issue-green-rush\/","title":{"rendered":"OCTOBER ISSUE: Green Rush"},"content":{"rendered":"<p><strong><em>Legal Cannabis Presents High Risk-Return Scenario for CRE Trailblazers<\/em><br \/>\n<\/strong><\/p>\n<p><em>Mike Ratliff, Senior Associate Editor<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004104307\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/october-issue-green-rush\/weed_istock_000032173438\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg\" data-orig-size=\"480,270\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1383405639&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;29&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Weed_iStock_000032173438\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg?w=480\" class=\"alignright  wp-image-1004104307\" alt=\"Weed_iStock_000032173438\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg\" width=\"240\" height=\"134\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/>In 1996, California became the first state to legalize medical marijuana. Today, cannabis is legal for medicinal use in 23 states and Washington, D.C., and is legal for retail sale in Colorado and Washington. Seventy-five percent of the U.S. believes that the sale and use of marijuana will eventually be legal nationwide, according to a recent Pew Research Center study.<\/p>\n<p>The first retailers in Washington received licenses to sell cannabis products on July 8. While it is early to draw conclusions on the impact of legalization on real estate, a wave of development tailored for legal pot is not out of the question. This July, marijuana-related private equity firm Privateer Holdings announced that subsidiary Arbormain would develop a 200,000-square-foot spec facility in Lacey, Wash., for growing, processing and shipping cannabis products.<\/p>\n<p>The earlier legalization of recreational pot in Colorado triggered a fever of warehouse activity. Early last fall, months before the Jan. 1 legalization date, prices of suitably zoned warehouses\u2014typically 10,000 to 20,000 square feet in size at the time\u2014began to increase.<\/p>\n<p><strong><a title=\"CPE October TrendTalk\" href=\"https:\/\/www.bluetoad.com\/publication\/?i=226431&amp;p=20\" target=\"_blank\" rel=\"noopener\">Read the full article in the October 2014 issue of <i>CPE<\/i>. Access is free!<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1996, California became the first state to legalize medical marijuana. Today, cannabis is legal for medicinal use in 23 states and Washington, D.C., and is legal for retail sale in Colorado and Washington. <\/p>\n","protected":false},"author":749,"featured_media":1004104307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004104306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OCTOBER ISSUE: Green Rush - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/october-issue-green-rush\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OCTOBER ISSUE: Green Rush\" \/>\n<meta property=\"og:description\" content=\"In 1996, California became the first state to legalize medical marijuana. Today, cannabis is legal for medicinal use in 23 states and Washington, D.C., and is legal for retail sale in Colorado and Washington.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/october-issue-green-rush\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-06T14:53:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T16:19:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Weed_iStock_000032173438.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michelle Matteson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/\"},\"author\":{\"name\":\"Michelle Matteson\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ce63156240559ff77c3e312e47502b33\"},\"headline\":\"OCTOBER ISSUE: Green Rush\",\"datePublished\":\"2014-10-06T14:53:16+00:00\",\"dateModified\":\"2022-12-08T16:19:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Weed_iStock_000032173438.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/october-issue-green-rush\\\/\",\"name\":\"OCTOBER ISSUE: Green Rush - 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