Cannabis Real Estate

Cannabis Real Estate with Rick Payne President & CEO of Cannabis Real Estate Consultants. Our guest this week runs a cannabis real estate company whose website ranks 1 on google worldwide for the search term "Cannabis Real Estate" and as a result receives over 1k visitors a day with 20% month over month growth. They’ve only been in business for nearly two and a half years. Rick Payne is a San Diego native with almost a decade in real estate experience. He has been focused on commercial real estate for the last several years, although he is still in tune with other markets such as residential. In that time he has had the opportunity to work extensively with clients looking to purchase or lease retail space, office, industrial, and land as well. In addition to helping several entrepreneurs secure property for their businesses, he has worked with various commercial property owners looking to lease or sell their property all over California and has consistently helped them achieve their goals. His background in marketing has also helped him achieve unparalleled marketing campaigns for all of his clients. Out of 481 cities in California only 118 of these allow for recreational cannabis storefronts. This means as of February 2019 there is only 25% of jurisdictions in California currently allowing for adult use purchasing. We speak about how much of the Cannabis retail space do you deal with in California at any given time. As well as talk about the financial and regulatory hurdles he runs into for his clients.