It’s all speculation.
What could this do to Colorado real estate?
Life is uncertain but you can expect some of Colorado tourism will go to sunny California.
Traditional real estate investors will tell you that real estate is a great investment no matter what the green rush does to a state or national economy.
Now that California has passed recreational pot, Colorado could be looked at as very legitimate and this may encourage a rush on federal policy of legalization.
You may see the price of marijuana going up, because more people will be coming out of the closet causing a demand on supply.
I like Las Vegas and the surrounding areas for overall real estate investing. I think that the marijuana industry could bring the real estate investment a great return in Nevada.
Bottom line: Real estate is your best investment. The entrepreneur that does not use marijuana wants to invest at some level in the marijuana industry. If your not in the marijuana business at some level, then your probably thinking about ways to get into the marijuana business.
The growers make the most money. In order to secure a growing business you need to get your real estate. This way your not getting jerked around by a landlord and moving every two years.
A medical marijuana business plan
I have been a resident of Colorado for 26 years. I’m a former owner of a Denver dispensary. The dispensary sold for my retirement.
My book, titled “Colorado Marijuana Real Estate”, is a how to guide for the entrepreneur and the blue-collar guy. This book provides a blueprint for starting a medical marijuana business plan.
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