Reno, Nev. (KRNV & MyNews4.com) - Even before Nevada legalized medicinal marijuana sales early this month, commercial real estate agent, Ken Stark says marijuana business entrepreneurs have been flocking to the state.
“We've seen a lot of activity from Colorado, Las Vegas, California, and Washington,” he says.
Stark says his agents are busy with at least eight different companies scouting for property for medicinal marijuana research, cultivation, and retail sale dispensaries, all before local and state governments finalize zoning ordinances.
Marla McDade-Williams , Deputy Administrator for the Nevada State Department of Health and Human services says it will be a month or two before the department will open the application process. She adds that local governments will also have added regulation in addition to state laws.
However, Stark's clients are willing to take the gamble.
“They're putting out offers. They're writing deposit checks in all sizes, depending on the use. They're serious. They're ready to get started. They're just waiting for the regulation to pass,” he says.
McDade-Williams says it might not be a bad idea.
“It's probably not too soon because they have been that far ahead of the game to secure a location,” she says. “Some people may secure a location and not come to fruition but they had to do that because there's a limited number of locations they could actually locate in. So, it really is a business decision.”
She says once applications open, it will be an extremely competitive process and those who wait may not beat the green rush.