When a new idea is presented to someone, it is not uncommon to elicit a reaction of surprise, apprehension or even resistance. It was only after the Farm Bill of 2018 that our society saw a boom in CBD stores, and even to this day, not all landlords are ready for commercial leasing to cannabis businesses.
Fortunately for Wake-N-Bakery, we have found cannabis-friendly landlords across the country. These landlords have typically already done their due diligence in learning local zoning laws for cannabis retail tenants, licensing and permitting requirements and use provisions in lease agreements.
Here are four reasons landlords should welcome a cannabis café:
- Fill vacant spaces …: According to Coresight Research, twice as many retail stores will close this year compared to last year. Yet, bucking that trend are CBD stores. According to Statista, CBD sales have been growing, which implies that more and more stores are opening.
- … with long-term tenants: Due to the time and resources dedicated to opening a CBD store, tenants will likely want longer-term leases. Also, this type of business is considered recession-proof.
- Have responsible tenants: Cannabis cafes are typically owned by responsible people who work hard to ensure everything from compliance to security. In other words, they are not fly-by-night operations.
- Gain foot traffic: Another benefit of cannabis tenants is that the new and repeat customers they draw can help bring more business to your other tenants.
