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Medicinal Cannabis Entrepreneurs As Commercial Tenants: Assessment And Treatment, Michael N. Widener
Medicinal Cannabis Entrepreneurs As Commercial Tenants: Assessment And Treatment, Michael N. Widener
Michael N. Widener
The potential advantages (cash flow) to medical marijuana businesses and their landlords are apparent – yet superficially. This paper considers the path of prudent landlord navigation among regulators, creditors, insurers, tenants and neighboring landowners regarding leasing commercial premises to the medical marijuana entrepreneur, or “MME” for short. MME's present unique challenges to industrial, warehouse and other commercial project owners due to a complex web of federal, state and local controls over such operations, in addition to private covenants controlling permitted uses in multi-party real estate projects. The hazards of asset forfeiture and environmental liability are discussed in this paper. These …