Whether you voted “for” or “against” the legalization of cannabis in your area, or whether you believe it has a medical benefit, it is here! Legalized cannabis is the fastest growing industry in the country and a shared reality in more and more markets every day.
The National Real Estate & Cannabis Summit ("NREC Summit") serves as a primary resource and clearinghouse for real estate professionals and real estate companies that interact with the cannabis industry at all levels.
At the NREC Summit attendees from anywhere in the country can learn vital information that can be immediately applied to working with the cannabis industry. This knowledge can separate success from failure. The purpose of the NREC Summit is largely to educate experienced real estate professionals who have little to no exposure around cannabis legalization and how it might affect their properties.
In addition, finding good resources to assist with funding, insuring, constructing, maintaining, repairing, or converting the property can be frustrating. By providing a brain trust of service providers, experts, and business owners at the NREC Summit, attendees are not only able to learn more about the legislations specifically required of real estate professionals, but also learn where to turn to for future needs related to real estate that may or may not be zoned for cannabis.
The NREC Summit has proven to be a valuable resource for every real estate professional, regardless of their experience with cannabis, and can help an real estate professional better recognize how their investment is affected and who to turn to when issues arise.
Barry Blanton, CPM
2021 IREM President Elect
Blanton Turner, AMO | Seattle, WA
Tuesday's Panel Discussion
January 12th | 11AM - 1PM (MST)
Legalization, Laws and Regulations:
What's New and What's Next in the Real World of Cannabis Real Estate
Even with an already complicated legislation process to renovate a building and run a business in many jurisdictions, cannabis related businesses and landlords must navigate a constantly changing sea of legislation specifically related to cannabis real estate. In addition, many real estate professionals have the added obstacle of navigating properties across state lines with significantly different laws from one state to another. Where do you go for the most accurate and up-to-date information on which to build your business?
Attendees will learn:
- Current legislation in Colorado and around the nation related to real estate zoned and operated as cannabis or ancillary cannabis services.
- Key legal and zoning differences between real estate with a cannabis tenant and a conventional tenant.
- Lease modifications to deal with cannabis related businesses as tenants.
- Ballot issues on the horizon around the nation for cannabis related regulations and zoning to help real estate professionals better understand how it affects their property values, whether they chose to lease to a cannabis related business or not.
Meet the Panel:
Melissa Kuipers Blake
Attorney and Political Lobbyist
Brownstein Hyatt Farber Schreck
Senior Attorney and Chair of the CBD/Hemp Practice Group
VP of External Affairs
Wednesday's Panel Discussion
January 13, 2021 | 11 AM - 1 PM MST
Real World Funding and Financing of Cannabis Properties
Cannabis legalization uniquely created a situation where a business was permitted to exist, but the services or products that the business would provide were not permitted. The most notable of these disparities was in banking. Cannabis tenants, landlords and business affiliates continue to struggle when applying for bank accounts, loans, and insurance. For some states these services remain almost non-existent. How do you underwrite a vacant building that allows for cannabis tenants without understanding the lending options and requirements a buyer will be navigating?
Attendees will learn the importance of:
- Understanding the lending market for buildings with cannabis tenants.
- Interpreting banking requirements for cannabis related tenants and landlords.
- Discerning changes in legislation and lending and its impact on the value of real estate zoned to allow cannabis.
- Underwriting proformas for cannabis tenants vs. traditional tenants.
Meet the Panel:
Stewart Title Guaranty Company
Transaction Attorney for Terrapin
Allen Vellone Wolf Helfrich & Factor
Thursday's Panel Discussion
January 14, 2021 | 11 AM - 1 PM MST
Managing Cannabis Properties:
Real World Examples From Real Managers and Owners
Managing and maintaining a property with a cannabis tenant takes a village. Normally buildings are designed to remove water, not create an interior sprinkler system to support indoor agriculture. When a massive electrical draw is added, extremely fragile and valuable products requiring the perfect environment can be dead within hours. Very small levels of contamination created by faulty engineering, misaligned construction, or slow management can lead to a devastating loss, not to mention the impact a cannabis tenant can have on surrounding businesses and the community. Where do property managers with limited or no experience go for education when they are thrown into managing properties with or around cannabis tenants?
Attendees will learn to:
- Acknowledge environmental impacts. Ensuring the proper construction and monitoring prevails when leasing or owning property utilized by the cannabis industry.
- Consider the HVAC and electrical requirements. Managers and owners who understand the complex needs before leasing to a cannabis tenant yield different outcomes.
- Anticipate the many risks. Liabilities related to cannabis tenants for landlord’s, managers, and owners of property should be understood at the beginning of the relationship.
- Foresee zoning issues and opportunities. Profits have been made in abundance when properties are currently or converted to zoning for cannabis. Understand how real estate professionals located their opportunities and what the learned.
Meet the Panel:
Dr. Mark Levine, PhD
Professor, JD, LLM, PAP, CPM, CCIM|
University of Denver
Dan Murphy, CPM
Owner, Broker, and Property Manager
Streamline Commercial Properties
Chairman & CEO