Rapid Absorption of New Jersey Cannabis Real Estate Raises Cause for Concern
As New Jersey approaches the end of its second year of medical and adult-use legalization, the access to compliant cannabis real estate is worrying some cannabis real estate professionals. With the extremely long lead times on securing and developing compliant cannabis real estate, new licensees face potentially high barriers to opening their doors promptly, risking the loss of invested money. For one cannabis real estate consultant, the reality is setting in — some new licensees may risk losing it all if they don’t source their property soon.