HerbFront Zeroes in on Pennsylvania as Cannabis Legislation Progresses
CHICAGO, Aug. 6, 2015 /Weed Wire/ — In the last year, the cannabis industry has risen to become the fastest growing industry in America. Unlike other new industries, the demand for cannabis and related products already exists, driving the sector’s rapid growth—making properties that can support these types of businesses all the more valuable.
HerbFront Inc. is the nation’s only verified legal cannabis property listing platform, capital market and broker network powered with predictive zoning maps. HerbFront’s technology allows users to identify the best cannabis-friendly locations in their home city—in established and emerging markets. One of those emerging markets is Pennsylvania, which currently has three cannabis bills in the state’s legislature, including two companion bills for medical marijuana and a marijuana legalization bill.
HerbFront is comprised of mapping and zoning experts who are committed to tracking the most recent cannabis legislation nationwide as it applies to real estate, which saves clients both time and money. All real estate listings are HerbFront verified to ensure compliance with state and local laws.
And the Keystone State may very well pass medical use legislation between now and 2016. Introduced earlier this year, Senate Bill 3, known as the Medical Cannabis Act, allows for the medical use of cannabis in the Commonwealth of Pennsylvania for patients with certain qualified medical conditions. The bill passed in the Senate with a vote of 40-7 on May 12, 2015, and is currently in the House Rules Committee.
A total of 23 states and the District of Columbia allow for comprehensive public medical marijuana and cannabis programs—with many states projected to pass cannabis legislation by 2020, according to marijuana research and investment firm The ArcView Group. The industry grew from $1.5 billion in 2013 to $2.7 billion in 2014—a 74% increase in one year, according to The ArcView Group.
Zoning requirements for cannabis businesses are strict and complex — varying by city, county and state. Because of the real estate challenges those in the cannabis sector face, properties that are fit to host a cannabis-related operation are all the more valuable.
The proposed bill allows for a maximum of 65 licenses for medical cannabis growers, a maximum of 65 licenses for medical cannabis processors and issue a maximum of 130 licenses for medical cannabis dispensaries. As part of the application process for growers, processors and dispensers, applicants must provide a copy of the applicant’s zoning approval for the proposed business location. Local zoning approval must be obtained prior to the issuance of a license to set up shop.
“The proposed bill keeps cannabis-related businesses at least 1,000 feet away from all schools (K-12) and day cares,” explained Alan O’Connell, HerbFront’s Director of Zoning and Mapping, about SB 3. “No cannabis-related business may be located in a residential zone, or on any property containing a residential dwelling. Dispensaries must be located in commercial zones, grow facilities in agricultural zones, and processing plants in manufacturing zones.”
HerbFront’s platform caters to those searching for the best real estate to launch their cannabis business as well as those looking to sell a qualifying property. In addition, the company’s new HerbFront Capital division expanded opportunities for those interested in securing capital, lending or investing in the cannabis space.
Subscribe to HerbFront today to make your cannabis business dream a reality.
Click here to watch HerbFront’s video on YouTube to learn more.
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