Gain practical knowledge of the real estate issues surrounding Massachusetts cannabis businesses, from zoning and licensing to leasing, property requirements, due diligence, and risk management.
Course Introduction
Course Objectives
Massachusetts Cannabis Legalization
Cannabis vs. Hemp
The Cannabis Control Commission
Cannabis Creates Real Estate Demand
Start With Intended Use
Property Suitability
Local Control Matters
Zoning Comes First
Cannabis License Types
Cannabis Retail Property
Cultivation Property
Product Manufacturing
Testing Laboratories
Security Requirements
Electrical Capacity
HVAC & Humidity
Water & Environmental Concerns
Odor & Neighboring Properties
Federal vs. Massachusetts Law
Banking Challenges
Commercial Financing
Check Existing Loan Documents
Cannabis Property Valuation
Specialized Improvements
Insurance Considerations
Cannabis Lease Terms
Licensing Contingency
Landlord Due Diligence
Zoning Is Critical
The 500-Foot Rule
Local Rules Can Differ
Host Community Agreements
Community Impact Fees
Lease or Purchase?
Purchase Contingencies
Environmental Due Diligence
Property Inspections
Due Diligence Before Commitment
Landlord Responsibilities
Tenant Responsibilities
Compliance Clauses
What Happens if the Law Changes?
Lease Default
Security Deposits & Guarantees
End of the Lease
Risk Management
The Licensee's Professional Role
Cannabis Transaction Red Flags
Questions to Ask a Cannabis Client
Case Study: The Perfect Building?
Case Study: The Expensive Build-Out
Case Study: The Landlord
Common Mistakes
Emerging Trends
Knowledge Check
The Broker's Checklist
Key Takeaways
Course Conclusion
Complete RE114C24 online and strengthen your understanding of cannabis-related commercial real estate in Massachusetts.
