Prospect of legalizing weed in Illinois has developers, landlords seeing green

Deena Zimmerman (Credit: iStock)

After Illinois legalized medicinal marijuana in 2014, Deena Zimmerman traveled to Colorado to learn how the marijuana industry was intersecting with the real estate market.

The vice president at commercial brokerage SVN visited a town on the outskirts of the Denver metro area, a once-rundown place “where the tumbleweeds were rolling,” she said.

“Now it’s thriving,” Zimmerman said. “There’s cool apartments, cool retail. But cannabis came first.”

Gov. J.B. Pritzker already signaled his strong support for legalizing recreational marijuana and powerful House Speaker Mike Madigan says he is on board. While draft

...read more at https://therealdeal.com/chicago/2019/02/13/prospect-of-legalizing-recreational-weed-in-illinois-has-developers-landlords-seeing-green/

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