As California nears legalizing marijuana for medical use, expect to see significant impacts on the industrial real estate sector. In Colorado, where marijuana has already been legalized, 1 in 11 of Denver’s industrial buildings is used for marijuana. The cannabis industry occupies over 3.7 million square feet of industrial space in Denver, mostly in areas with older warehouses, according to a recent study by a commercial real estate firm. In the 5-year period between ...
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