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New York, New Jersey Marijuana Legalization May Spark Flurry of Commercial Real Estate Activity

Each State Has Its Advantages, Challenges for Cannabis Development
Shoppers in the near future will be able to buy recreational marijuana in New York. (Getty Images)
Shoppers in the near future will be able to buy recreational marijuana in New York. (Getty Images)
CoStar News
May 17, 2021 | 2:16 AM

New York and New Jersey passed laws legalizing recreational marijuana roughly within a month of each other this year, moves expected to spur demand for cultivation sites, processing centers and retail dispensaries. But the initial rules for each state creates different opportunities and challenges for commercial real estate.

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