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Don't Let Your Development Go to Pot! Tips for Leasing to Marijuana Retailers

By Robert Eisenberg | WeirFoulds LLP | NOVEMBER 14, 2016

While anti-drug activists continue to do a slow burn, Prime Minister, Justin Trudeau's Liberal government is (leisurely) marching forward on carrying out one of its most well-publicized campaign promises: the legalization of marijuana. At a recent session of the United Nations General Assembly, Health Minister Jane Philpott announced that the Canadian government isn't just blowing smoke, but will instead begin the process of legalizing the use of cannabis in 2017 through a joint process with the provinces and territories.

Though this new policy is good politics, it also highlights the potentially-lucrative opportunity for landlords and tenants. For example, a Forum Research survey found that 31% of adult Canadians would use marijuana if it were legalized[1].  Extrapolating from data which suggests that the existing marijuana industry, supplying approximately 45,000 medicinal pot users, is worth from a low of $80 million to a high of $100 million per year, industry ...