Socal/Norcal Cannabis RE Investing

[Sol Bier]

Hi BP,

Some Cannabis deals were recently forwarded my way, and they piqued me and my partners interest. I'm looking to connect with people who have invested in these deals or those who operate cannabis businesses.

I'm trying to get an idea of what these business need right now ranging from:

1. Retail locations storefronts

2. Manufacturing zoned properties for cultivation

3. Manufacturing zones properties/warehouses for distribution

We've done some legal analysis of these deals, including per county permitting and licensing, and would like to get some comps in the market and just connect with others in the industry or real estate investment to share experiences. 

[Curtis Chen]

Good luck, everyone's struggles is licensing right now. I had the opportunity to speak with some authorities in the industry right when licenses were starting to get issued to Pre-ICO dispensaries and it's the same thing across the board for everyone. They have an attorney's ear in almost every city and they are just waiting for a hint of a new city opening up and they will hunt for zoned property before the lines are even drawn. 

A group that was seeking investment capital had a city official requiring 200k just for his signature on the application. Same story for an operating grow operation up North past the Bay Area but was only 30k. There are still plenty of operations running without current licensing so that's a space we are avoiding until we have more clarity. A lot of licensed operations are letting others piggy back off of their license for a substantial fee. It's still the wild wild west. 

I am seeking help for a reliable PAYMENT PROCESSOR in this industry if anyone uses one or a good lead for ecommerce.