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Marijuana industry drives Denver metro area's real estate recovery

Submitted by Marijuana News on Tue, 10/20/2015 - 08:45

One in 11 industrial buildings in central Denver now houses marijuana cultivation, CBRE report says

Your nose isn't lying: One in 11 industrial buildings in central Denver is full of marijuana.

The state's cannabis industry occupies at least 3.7 million square feet of industrial space in Denver, clustered in areas of older warehouse stock, including the Interstate 25-Interstate 70 junction, Montbello, central Denver and along the Santa Fe Drive corridor in southwest Denver, according to commercial real estate firm CBRE.

CBRE's research team conducted the first in-depth study of pot's impact on the city's commercial real estate market, looking at the early years of medical and retail marijuana in Denver.

Between 2009 and 2014, the industry's appetite for real estate was voracious, with marijuana cultivation...

READ MORE: 
http://www.denverpost.com/marijuana/ci_28993836/marijuana-industry-drives-denver…
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