The L.A. Times recently had an article about landlords renting to marijuana dispensaries. It is important to note that although California law does allow for marijuana dispensaries, like almost any other business, local entities can regulate where they are placed. Thus, it is important for landlords and tenants to ensure that their location is legal with the local city or county that controls zoning for the area.
Many landlords find marijuana dispensaries lucrative because dispensaries pay higher rents than other similar retailers. There are some issues related to marijuana dispensaries a landlord should be aware of; however, marijuana dispensaries are becoming more common tenants throughout Southern California.
Often times, landlords will be contacted by dispensaries because their location is one of the few locations that a dispensary can be located.
The L.A. Times article is “Here’s why pot sellers are are paying prime rents for warehouse and storefront space.”