A Mixed Bag: Medical Marijuana & Commercial Real Estate
The legalization of medical marijuana affects many property owners. The passage of HB 523 places specific demands on property owners for authorized spaces to cultivate, process and dispense medical marijuana.
Ohio’s legislation initially authorized a maximum of 336,000 square feet for the cultivation of marijuana. By comparison, Denver, Colorado has 4.2 million square feet of cultivation area, including the cultivation of marijuana for recreational use. Although Ohio’s authorized use of marijuana is only for medicinal purposes, it appears if the initial cultivation area in Ohio will need to be expanded to accommodate Ohio’s medical marijuana market.
Article originally printed in Columbus Bar Association Legal Connections. For the full article, you may click here.