WILL FLORIDA WAREHOUSING GO TO POT?

The country’s legal marijuana industry more than doubled in size in 2014, to $2.7 billion, and the commercial real estate world is starting to take notice. Reports on the industrial sector attribute extra-strong demand in places such as Denver to the growing, storage and distribution of the plants

Investment banking firm Chardan Capital Markets recently rated annual marijuana consumption at up to $60 billion, with growth of about 8 percent annually, based on national drug data. Colorado became the new epicenter of the marijuana industry last year, recording about $805 million in combined retail and wholesale sales, according to a new report by the ArcView Group, which provides data on the legal cannabis industry. The company, a proponent of the industry, creates data on the sector for new investors. Troy Dayton, CEO of ArcView, says investors nationwide have turned their attention to marijuana as a future explosive growth market.

Investment banking firm Chardan Capital Markets recently rated annual marijuana consumption at up to $60 billion, with growth of about 8 percent annually, based on national drug data. Colorado became the new epicenter of the marijuana industry last year, recording about $805 million in combined retail and wholesale sales, according to a new report by the ArcView Group, which provides data on the legal cannabis industry. The company, a proponent of the industry, creates data on the sector for new investors. Troy Dayton, CEO of ArcView, says investors nationwide have turned their attention to marijuana as a future explosive growth market.
 
Marijuana growers have absorbed more than 4 million square feet of industrail space in Denver since the plant was legalized.  Typically, marijuana is grown in greenshouses or indoors have impacted industrial real estate.  It is predicted that annual legal cannabis sales will reach 10.8 billion by 2019.  This is beginning of the next great American industry, you don’t see multi-billion dollar industries growing at that rate,” he says. It’s really a unique moment in history from an economic, cultural and political standpoint.