New Cultivation & Coworking Campuses, Trends In Retail, Knowing Legislation, And Maximizing ROI

With (legal) cannabis in California emerging as the new normal, the state is reaping rewards. In 2018, the first year of regulated sales, California took in $345.2M in tax revenue from legal cannabis sales, exhibiting quarter-over-quarter growth. Forecasting out, Governor Newsom’s budget anticipates $513M in revenues for the 2019-2020 fiscal year.

As cannabis coworking developments sprout up across the state, Los Angeles is seeing the retail experience continue to evolve as bleeding-edge brands such as Dosist expand their square footage and the first-ever Cannabis Cafe, Original Cannabis Cafe, opened in West Hollywood, CA.

With these verticals further cementing themselves in the minds of consumers and residents, institutional investors, owners, and landlords alike are seeing positive movement and momentum in the opportunities afforded to them.