2024-05-06T07:57:42-04:00 https://archinect.com/news/article/150008628/marijuana-real-estate-this-isn-t-just-another-greenhouse Nam Henderson 2017-05-21T23:57:00-04:00 >2019-10-17T19:01:17-04:00 <img src="https://archinect.gumlet.io/uploads/i2/i26lsbhm3fkspvxo.tiff?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>Innovative Industrial Properties, Kalyx and other similar groups are following the same strategy: buy buildings, retrofit them and lease them to commercial or medical marijuana growers. But it can often cost millions to turn a vacant warehouse into a facility suitable for cannabis cultivation.</p></em><br /><br /><p>David Gelles reports that the spread of legalization means the weed business is booming and with it, demand for&nbsp;commercial, industrial space. The latest post-industrial trend in states like California, Colorado, Massachusetts or even New York is a retrofitted industrial-scale "cultivation center."</p> <p><img src="http://cdn.archinect.net/images/650x/qa/qadx1xnhssrhe13t.jpg"></p> <figcaption>photo by Ryan Mungia</figcaption><p>Related readings include; a 2005 look at how&nbsp;<a href="http://archinect.com/news/article/16347/pot-clinics-grow-like-weed-in-sf" rel="nofollow" target="_blank">Pot Clinics (were) Grow(ing) Like Weed in SF</a>&nbsp;and last year's <a href="http://archinect.com/news/article/149951657/photographing-every-pot-shop-on-l-a-s-green-mile" rel="nofollow" target="_blank">photo essay</a> of L.A.'s "Green Mile." Or back in February, <em>the Marketplace Morning Report</em>&nbsp;on&nbsp;how these new REITs could&nbsp;<a href="https://www.marketplace.org/2017/02/28/business/funding-high-costs-pot-business" rel="nofollow" target="_blank">help grow the medical-marijuana business</a>.</p> <p><img src="http://cdn.archinect.net/images/650x/xz/xz7hd5n490egsj5z.jpg"></p> <figcaption>photo by Ryan Mungia</figcaption><p>Finally, last year over at the <a href="http://archinect.com/forum/thread/149946621/weed" rel="nofollow" target="_blank">Weed</a> thread, gruen noted "<em>Big gold rush here to convert disused industrial facilities to indoor grow in advance of legislation.</em>"</p>