You are here

Home 🌿 Marijuana Business News 🌿 Flourishing marijuana trade is leaving Denver short on warehouse space 🌿

Flourishing marijuana trade is leaving Denver short on warehouse space

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Wed, 08/26/2015 - 09:06

Here's an amusing byproduct of the legalization of marijuana use in some American states: it's putting a strain on the nation's freight network. The Wall Street Journal reportsthat Denver, a central hub for transportation of goods across the country, is experiencing a shortage of warehouse space due to increased demand from marijuana producers.

Cresa Partners, a real estate brokerage firm, reports that as much as a third of new warehouse space leased in Colorado over the past 18 months has gone to marijuana growers and distributors. They need ample space to conduct their business, so they're competing hard for it when it becomes available and raising prices as a result. The WSJnotes a 10 percent increase in warehouse rent prices and a doubling of the cost to buy warehouse space in Colorado since the start of last year. This has left local businesses frustrated, but it's also adding to the costs of interstate traders who are finding...

READ MORE: 
The Verge
Rate this article: 
Region: 
Colorado

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.

Â