While federal legalization still hangs in the balance, more and more states are easing long-standing restrictions on the use of cannabis. In the 2020 election, all 6 states that put forward ballot measures to legalize or decriminalize cannabis passed those measures with strong support. This brings us to a total of 36 states with some level of legalization. As more states move in this direction, real estate investors are rushing to grab up cannabis properties so they can take a piece of an industry that’s anticipated to grow to $41.5 billion by 2025. Sale-Leasebacks on the Rise Some of the most promising opportunities real estate investors are finding are sale-leaseback deals. Because the federal government has been moving so slowly on its decision to grant federal legalization, cannabis producers and retailers still struggle with liquidity issues because of restricted financing options.
Share this article Share this article SACRAMENTO, Calif., Jan. 13, 2021 /PRNewswire/ 420Property.com, has announced the largest cannabis businesses for sale on their platform in January 2021. The following listings are three of the largest cannabis businesses for sale in the California market: 1. Established retail-focused business that is on autopilot. The business has two fully operational dispensaries in San Diego County along with pending retail applications across Riverside & Orange counties. Total revenues for 2020 were approximately $34M+ with EBITDA of $11.5M from the two stores alone. With this opportunity, a new owner could own and operate a total of seven cannabis retail storefronts across San Diego, Riverside & Orange counties.