With over half of all states having a regulatory plan to decriminalize marijuana possession and sale at the state level, the real estate needs of marijuana industry participants are growing and changing. However, marijuana remains a controlled substance at the federal level, and federal prosecution remains a threat to industry participants, including real estate professionals leasing or managing properties used for cannabis-based businesses. This session discusses this dynamic legal landscape and the development of a good risk reduction policy for real estate practitioners who count marijuana industry participants as clients.
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