Finding Your Place: A Look Into Cannabis Real Estate

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For recreational cannabis, it's a matter of location, location, location, Cannabis Property Brokers CEO Nickolas Calkins said Thursday at the Benzinga Cannabis Capital Conference in Thursday. 

Calkins shed light upon some of the struggles that entrepreneurs in the cannabis industry face in a conversation with Mike DiLaura, partner at Cannabis Attorneys of Michigan. 

“You have to understand there's a very, very select number of grow operations in the state of Michigan. We have over 1,700 municipalities in the state," Calkins said. 

Less than 10% of those communities will opt in for marijuana, he said. 

“Location is key when it comes to recreational usage.”

Click here more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.

The supply chain is incredibly important for LPs in Michigan, Calkins said.

Secured transporters, lab testing and more bite into margins and limit profits, he said. Yet this hasn’t diminished out-of-state demand for Michigan property. 

"Michigan's the second-largest market in terms of overall population-to-patient ratio," he said. 

“But you have to understand the supply chain is really, really important. Those logistics could really give you that competitive advantage when you're deciding how to get into this market, and more importantly, how to stay in it.”

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Cannabis Property Brokers CEO Nickolas Calkins speaks at the Benzinga Cannabis Capital Conference on Thursday in Detroit. Photo by Dustin Blitchok. 

Posted In: CannabisNewsEventsMarketsReal EstateCannabis Capital Conference
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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


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