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Updated over 7 years ago on . Most recent reply

User Stats

45
Posts
40
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Rousner E.
  • Investor
  • Millington, TN
40
Votes |
45
Posts

I want to get into marijuana

Rousner E.
  • Investor
  • Millington, TN
Posted
Good evening, I have been looking around at pieces of land in West Tennessee but I am now thinking I should expand into any of the 50 states. I want to buy a parcel of land and lease it out to a company to grow pot/weed. Marijuana has been legalized in a few states and from the looks of it, it appears that 2018 will be a big year for marijuana as it is being considered as ballot items in multiple states. I am looking to see if anyone has any tips or if there is anyone who has done this before I would love to get on the phone or video chat with you. Thank you

Most Popular Reply

User Stats

102
Posts
65
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Chris Carson
  • Real Estate Agent
  • Jacksonville, FL
65
Votes |
102
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Chris Carson
  • Real Estate Agent
  • Jacksonville, FL
Replied

Based on my knowledge of the industry it makes more sense to grow indoors on a large scale. Variables that impact production (lighting, co2, pests) are more easily controlled in an indoor environment. Security is also a concern given the value of the crop. Might make sense to look for a large industrial space versus a bunch of acreage out in the country. I've never done anything along those lines but I have some good friends who are involved in the industry. If you are serious about this I can put you in touch with someone who can answer specifics better than I can.

Edit: Remember that marijuana is still illegal under federal law and state laws vary widely. Make sure to consult a local attorney prior to starting down that path.

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