With a compound annual growth rate (CAGR) of 21% and a consumer base that’s growing with each new state that passes cannabis legalization legislation, the cannabis industry is one of the most explosive new markets in the United States. So, it’s no surprise that investor interest in buying or starting a cannabis business is growing in pace with that booming market. If you’re an investor interested in claiming your share of this projected $41 billion market, here’s the kind of real estate you’ll need to look at.
Greenhouses enable cultivators to experiment with innovative techniques like crop steering — where growers manipulate conditions and feedings to optimize production yield — and just generally have more control over the growing conditions from the nutrient profile of the soil to the humidity and temperature.
Investors interested in the plant-touching side who want more predictability and control during cultivation should look for real estate that already has functional greenhouses built on it like this 72-acre lot in upstate New York with fully operational greenhouses.
However, the cost of buying real estate with greenhouses already on it may be too …