Potential Colorado tenant growing marijuana

[Michael Orf]

I currently have a rental on the market in the Denver area and was just contacted by someone out of state that is looking to move to Denver and open a dispensary with some colleagues.  He and his wife and young child are looking to rent my home and also grow some plants there.  He is offering substantially more rent than I am asking and also a large security deposit.  I have never encountered this before, so hoping someone out there has and may have some pointers.  I'm not very comfortable, but spoke with this person at length and do not get a bad vibe from him.  I would definitely put together a custom lease with stipulations on following CO law and would involve a lawyer.

Appreciate any feedback.

[Matt M.]

If it were him and his wife, that is one thing. But with the kid, that is a potential problem if he gets in trouble growing. I'd pass personally.

If he has the funds to open a dispensary, etc, he can grow there. You are inviting potential water, mold, bad electrical problems, etc. 

IF you think it is worth it, ask him how many plants, etc. Make sure he is within the limits for 2 adults(6 in flower, 6 in veg). Also, have a LICENSED electrician, etc set everything up. Make sure to allow for inspections as well to make sure he is in compliance.