Oregon Landlords Wary of Rec Industry

Entrepreneurs hoping to open retail marijuana shops in Oregon might struggle to find a location if residents legalize cannabis this fall.

An informal poll found that roughly a third of local property owners are not willing to lease space to recreational marijuana stores, while 26% said they are not sure if they would.

The Portland Business Journal conducted the poll online, asking readers who own suitable property to participate. The publication received 73 responses by Monday morning.

Nearly 15% of landlords opposed to renting to cannabis businesses cited moral grounds, saying they personally oppose marijuana legalization and do not want to support the industry.

However, some in the “no” and “maybe” groups said their main concern is the level of risk.

, Oregon Landlords Wary of Rec IndustryWith continued normalization of marijuana laws across the United States, these landlords may be persuaded in time to treat marijuana businesses as any other tenant.

Oregon residents will vote on whether to legalize recreational marijuana sales in November.

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3 comments on “Oregon Landlords Wary of Rec Industry
  1. Alexa Divett on

    Oregon has strict rules on security and surveillance for dispensaries already in place. It is very likely that they will adopt similar or tighter security regulations for recreational businesses. Studies show that these kinds of shops actually reduce crime in the surrounding neighborhoods, partly due to these strict security laws. Check out a free report on a local Oregon security’s website to learn more.

  2. Medicine is Good. on

    It’s highly regulated too with surprise inspections. There is no smoking on the premises except for employee who uses the medicine in private backroom where customers do not have access. Must be 21 and over to purchase.

  3. victoria smith on

    One third of property owners say they won’t rent, and 26% of owners are unsure. That leaves 40% of property owners who ARE willing to rent to retail outlets. And many of those in the “unsure” category will change their minds if their most viable, profitable potential tenants are retail cannabis stores. Regular rental income trumps fear of risk most of the time. Yeah, capitalism!

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