RECREATIONAL MARIJUANA COULD BE BOON FOR COMMERCIAL REAL ESTATEOctober 31, 2016
Investors in Nevada’s medical marijuana industry are waiting to see if voters choose to legalize recreational use for adults 21 and older. If a majority of Nevada voters check “Yes” on Question No. 2 on the 2016 ballot, some investors are expecting the industry to grow by as much as four times.
“I definitely think that you’ll see a very large spike in construction in regards to more grow facilities if Question 2 is passed,” said Nathan Schweigart, president of Las Vegas-based NDL Group Inc., a general contracting and consulting firm.
That’s because the more than 110 licensed investors behind the valley’s grow facilities and dispensaries have plans to raise larger, more expansive cultivation operations if the ballot measure passes.