X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Mark Paul Mark Paul is the founder and co-CEO of MJ Real Estate Investors.

LOS ANGELES—In anticipation of the legalization of recreational marijuana in California this November and federal legalization in the near future, investors are beginning to develop strategies focused on the cannabis real estate as a new asset class. Real estate investors Mark Paul and Jeff McGuire have formed MJ Real Estate Investors, a new Beverly Hills-based investment group that will focus on cannabis-friendly commercial real estate assets leased to state regulatory compliant cannabis operators, GlobeSt.com reports exclusively.

“This wave is coming, and it is a tremendous opportunity. What is happening in November on the ballot initiative, not just in California, really represents major investment opportunity, and real estate is a big part of that opportunity,” Paul tells GlobeSt.com. “We believe that cannabis real estate is going to become its own asset class, although it might take a few years, and eventually it will become federally legal as well. When it does, we will have 500 companies in the space and major operators. Right now, it is relatively new, and this is a chance to get in on that wave on the ground floor.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.