Green Street



Reuters: Legal Pot Growers to Drive Up California Warehouse Rates

According to Reuters:

Legalizing recreational marijuana in California is creating a gold rush for a decidedly less intoxicating sector: warehouses in which to grow the plants.


Eric Frankel, an analyst at Green Street Advisors, said the lack of institutional ownership will put the lid on the pace of the marijuana industry's expansion overall. Yet he added that recreational marijuana will likely help warehouse companies in any state in which it is legal.

"Someone is going to be willing to lease to these guys, and the whole industry is going to see a catalyst from that," he said.

To view the full article from Reuters, click here.