Real estate is one of the greatest challenges and biggest opportunities for cannabis licensees and investors ready to participate in California’s exciting Green Rush.
Sacramento, California (PRWEB) September 12, 2017
Canna-Hub, a California-based real estate development and property management Company for the cannabis industry, today announced its innovative cannabis real estate development business model to help current and prospective cannabis licensees secure properly zoned property for their cannabis businesses in California. Beginning on January 1, 2018, businesses will be allowed to produce and sell recreational cannabis in addition to medical cannabis which has been permitted for more than 20 years. The overall California cannabis market is expected to reach $6.5 billion by 2020, according to ArcView Market Research.
With a focus on speed to market, Canna-Hub seeks to help cannabis business owners planning to operate under the new regulatory environment starting in 2018 by eliminating the painstaking process of identifying suitable property with the necessary infrastructure and zoning for their operations. Canna-Hub has already identified several sites in strategically located cities that can accommodate hundreds of cannabis licensees in an organized manner through the development of Canna-Hub Business Communities, or “cannabis hubs.”
Cannabis hubs offer individual cannabis licensees the ability to purchase or lease either existing industrial space that has been retrofitted for cannabis operations, or empty lots for newly constructed facilities that are properly sized and ready-to-build, with all necessary infrastructure in place, including state-of-the-art perimeter security. All Canna-Hub sites will include local permitting fees that are among the lowest in the State, and have already received local city zoning and authorization for indoor cultivation, greenhouses, nurseries, volatile and non-volatile manufacturing, tissue culture labs, third-party testing labs, distribution, and transport. These elements create a cannabis-friendly environment that enables licensees to move quickly through the construction phase to become operational, and helps to promote their future success.
“Real estate is one of the greatest challenges and biggest opportunities for cannabis licensees and investors ready to participate in California’s exciting Green Rush,” said Canna-Hub Founder and CEO Tim McGraw, an experienced commercial real estate developer who has also designed or built cannabis specific facilities in several states and abroad, and has overseen cultivation, manufacturing, distribution and security of the largest cannabis operation in Illinois. “Finding property for the purpose of selling, growing, or manufacturing cannabis or cannabis goods is not like finding a space for your average commercial location. We believe Canna-Hub will be extremely valuable to current and prospective cannabis licensees because we have already completed critical time consuming processes such as the identification of suitable and well located property, the provisioning of key infrastructure, and addressing the many issues raised by local authorities and citizens during the process of drafting and approving the necessary zoning ordinances. Licensees can skip the very real red tape in California’s new cannabis regulatory environment, and start generating revenue more quickly.”
“From an investor perspective, Canna-Hub offers the stability and security that any other commercial real estate venture can provide,” said Canna-Hub Founder and Chief Financial Officer Jonathan Charak, a skilled financier who has served as CFO at several businesses spanning the cannabis, technology, and telecom spaces. “We also appreciate the fact that our investment risk will be essentially spread across numerous licensees of different types rather than relying upon any single grower or manufacturer for our success. California has the perfect mix of strong market conditions and a regulatory environment that will allow our business model to be successful.”
CHH LLC (dba Canna-Hub) was formed in 2017 for the sole purpose of identifying, acquiring, and developing lower cost properties without cannabis zoning while simultaneously working closely with city government officials to effect zoning changes on the identified property. Canna-Hub plans to build the most sophisticated and valuable real estate portfolio in the cannabis industry. For details on Canna-Hub and location specifics, visit http://www.canna-hub.com.
Public Relations Contact:
Chief Executive Officer
Investor Relations Contact:
Chief Financial Officer, Canna-Hub
Sales and Leasing Contact:
Fernando Russo or Kimberly McGraw