Times have changed with respect to attitudes and public perception of cannabis in the United States as more states (and the District of Columbia) move towards full or partial legalization even as the Federal Government continues to prohibit cannabis for any use under the Controlled Substances Act of 1970. The trend towards legalization creates new uses for existing property types and exciting opportunities for real estate developers and investors. But even with this growing trend, many challenges remain as major lenders and investors are still analyzing and underwriting the risks related to this industry. Our panel of professionals will highlight the challenges they have faced and the opportunities they have found at the intersection of cannabis legalization and the commercial real estate industry.
Moderator: Jonathan A. Havens, Co-Chair, Cannabis Law Practice, Saul Ewing Arnstein & Lehr LLP
Panelists
Michael Bronfein, Chief Executive Officer, Curio Wellness
Alan Hyatt, Chairman, Severn Bancorp
John Dettleff, Managing Director, JLL | Mid-Atlantic Industrial Advisory and Transaction Services
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