Make sure you are in the know BEFORE leasing with this guide
Signing a property lease for a cannabis retail location is a major investment and business decision. Don’t take it lightly! There are a few strategic choices you should carefully review and make sure you have fully considered before you commit.Not sure how to find a cannabis dispensary location? Here are 10 questions to ask before you sign your name on the dotted line.
1. Are the physical features of the property sufficient?
First and foremost, carefully evaluate the property to ensure that its physical features fit not only your immediate needs but also the needs of your business as it continues to grow. Consider whether a location has sufficient warehouse and storage space, enough floor space for customers, bathrooms, processing rooms, and everything else you need
You’ll also want to ensure you have a sufficient shipping and receiving area, water supply, and access to high-speed internet. This is listed first for a reason! It is perhaps the single most important consideration.
2. Are there forthcoming legal developments which may affect business?
Another important consideration when evaluating locations for your cannabis dispensary is upcoming state or local legal developments that may potentially impact your business. Consult a local attorney to discuss these issues. Zoning or compliance policies may be up for review in the near future, or other legal questions may be decided that would impact your decision to lease one location over another.
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