Special Report

Cannabis and the Legal Industry: New Rules, New Risks, New Opportunities

The state-by-state legalization of marijuana for medical and recreational use has created a complicated legal landscape—and with it new demands for lawyers to responsibly advise cannabis clients and companies in adjacent industries. This special report features Law.com's in-depth coverage of emerging legal issues, key regulatory developments, and the lawyers who are helping to shape a new industry.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Katy Young Young says to negotiate exit ramps in the lease in case a business does not obtain a cannabis license.

SAN FRANCISCO—A recent report by Cushman & Wakefield shows that low vacancy combined with continued high levels of demand in Sacramento have led to rapid growth in asking lease rates, closing the first quarter at $0.68 per square foot per month on a triple net basis. The report does call out that the lofty figure is likely inflated by landlords seeking out cannabis-related industries demanding higher rents, but is also due in part to sustained levels of low vacancy.

Indeed, with medicinal marijuana giving rise to legal sales, cannabis is a hot button these days. And, the real estate landscape is no exception. Katy Young, managing partner of San Francisco-based law firm Ad Astra and the current president of the National Cannabis Bar Association, recently shared insights into the ins and outs of leasing retail space for cannabis use, how long before it’s widely accepted by the general public, and cautionary tales about cannabis use leasing.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Negotiating and Drafting Commercial LeasesBook

This book reviews the clauses of a typical complex modern lease in detail, with explanation and commentary, examining the legal, economic, and financial accounting ...

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.