In most California jurisdictions, securing real estate is the first barrier to entry into the legal cannabis or hemp markets. While cannabis and hemp property deals may be more lucrative than other industrial transactions, they are also more complicated.
There’s no such thing as a “basic” cannabis contract — and commercial cannabis or hemp leases are no exception. Unlike with standard commercial leases, cannabis and hemp landlords and tenants must navigate the inconsistencies (indeed, outright conflict) between federal and state law, the complexities of state and local laws and regulations, and unpredictable licensing timelines.
Manzuri Law represents real estate investors, landowners, and cannabis and hemp licensees and applicants in complex real estate transactions, acquisitions and leases of real estate for licensing purposes and advises on cannabis-related zoning and land use issues. Clients regularly need guidance through due diligence on property feasibility, cannabis-specific lease provisions, lease negotiations, and understanding water and power availability. The attorneys at Manzuri Law have an in-depth understanding of the importance of defining permitted use, excluding the federal CSA requirements, addressing asset forfeiture issues, defining hazardous materials and affording landlords and tenants alike the ability to terminate leases in particular cannabis-specific situations.
Once real estate is acquired, cannabis and hemp licensees often need specialized help with DWP specific issues related to power usage, wattage, and meter transfers. Through years of working with the Los Angeles Department of Water & Power, we have cultivated invaluable relationships that aid clients in solving the utility issues that cannabis operators face.
If you’re entering into a cannabis or hemp lease, whether as a tenant or a landlord, feel free to contact Manzuri Law to set up a consultation for expert advice.