Real Estate

Industrial rents in already-pricey cities like Los Angeles and Boston are poised to rise further thanks to one burgeoning industry: cannabis.

With recreational-use of marijuana set to be legalized for Californians in 2018 and with more cities in San Diego County approving medical-use, investors in the marijuana industry are snatching up properties.

It's marijuana-friendly because state law allows marijuana use on private property.

An Eagle Point company that provides warehouse space for marijuana growers is planning a marijuana-friendly camping and RV park near Lake Selmac in Josephine County.

ALBUQUERQUE, N.M. (AP) -- On a patch of tribal land in western New Mexico, a company plans to build a $160 million state-of-the-art greenhouse for researching and growing medicinal plants, including marijuana.

With recreational marijuana use on the verge of becoming legal in Maine, real estate brokers are seeing a jump in demand for industrial spaces that could become indoor marijuana farms in the not-too-distant future.

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