What Could Absorb Space in CA?

SAN DIEGO—With the likelihood of a 2016 California ballot initiative to legalize recreational marijuana along with new City of San Diego zoning laws, Cassidy Turley real estate experts recently took a closer look in evaluating the potential impact such an approval would have on the industrial market. In doing so, the firm looked at cities such as Denver, where marijuana legalization has fueled a boom in demand.

“The legalization of marijuana is a hotly debated topic on many fronts” says Todd Davis, senior vice president with Cassidy Turley’s San Diego office. “While it remains to be seen how the movement toward legalization progresses in California, it’s interesting to observe the impact being felt in markets such as Denver, where marijuana retail and industrial grow facilities are absorbing available space at an incredible rate.”