Minnesota Cannabis Real Estate & Regulations
Zoned Properties in Minnesota
Population:
5.717 million (2022)
Local Zoned Broker:
TBD
Number of Retail Licenses:
Pending
Licensing Status:
Pending
Legal Status:
Recreational
Cannabis Sales:
N/A
License Dynamic:
Limited
Delivery Allowed:
Yes
Drive Thru Allowed:
No
Medical Patients:
39,453 (2022)
Own A Cannabis Dispensary In Minnesota: Let Us Be Your Guide!
Minnesota has vast and diverse land availability for real estate. However, as a Cannabis operator, you know finding Cannabis real estate is more intricate than simply paying for any good-looking land. It is a tedious, time-consuming, and financially draining process. But it no longer has to be.
At Zoned Properties, we take the complexity out of finding compliant real estate. Whether you’re buying, selling, leasing, renting, or even investing in Cannabis real estate, we will help you find properties that foster substantial returns on your investment.
Site Identification
Our experts will help you find compliant zones prepped and ready for business. We have full access to local government, state, and federal zoning, development, operations, and licensing regulations and will ensure your property meets all those requirements.
Brokerage
We work with expert brokers from all over the state to help you buy, sell, rent, or lease Cannabis real estate properties, assuring you of the best deals possible. We make the journey from search to establishment seamless and fast.
Investment
Let’s guide you through investing in Cannabis real estate. With our extensive knowledge and experience in the industry, we have acquired an extensive portfolio of the best Cannabis real estate deals that assure you of impressive returns.
Ready To Invest In Cannabis Real Estate In MN?
With Minnesota recently legalizing adult use of cannabis, the state is projected to become a quick success. This is owing to the population, acceptance, median income, and other factors. We expect it to be a lucrative market to establish a Cannabis business.
Be among the first few people to own quality, business-friendly, compliant real estate properties in Minnesota today!
Collaborate with us for a tactical edge in Minnesota’s Cannabis sector. Send us a message to find compliant zones in Minnesota today!
Minnesota Cannabis Regulations
State Cannabis Overview: Minnesota legalized cannabis for limited medical use in 2014. Since then, Minnesota has experienced constantly growing Cannabis appeal and sales.
Licensing: The Office of Cannabis Management has stated licensing will begin in 2024, and licensed businesses can begin operations in 2025.
The state of Minnesota will be issuing licenses for 12 types of businesses, including:
- Manufacturers
- Retailers (dispensaries)
- Testing and research facilities
- Transporter
- Delivery service
- Event sales
- Cultivation facilities.
- On-site consumption lounge
- Event organizer
- Mezzobusiness
- Microbusiness
- Wholesaler
The licensing process involves rigorous application procedures, including background checks, financial evaluations, and compliance with regulatory requirements. Applicants must demonstrate their ability to operate under strict regulations regarding security, product quality, labeling, and advertising.
Local Authority: As the adult use cannabis market in Minnesota prepares for launch, it is critical to closely monitor the position of local authorities in the setting of policies and regulations to guide the use and sale of the product. Although municipalities cannot ban cannabis businesses, they can impose taxes on cannabis sales, dictate building structure, zoning regulations, and more.
As an experienced cannabis industry expert, Zoned Properties can assist you in finding quality properties for your business and navigating the intricate real estate market effectively. Send us a message to find compliant cannabis real estate in MN.
Median Age: 38.1
Median Income: $37,320
Regulations last updated as of: August 2023
Have any Questions?
What is the projected cannabis market in Minnesota?
The Cannabis market is projected to reach and surpass 500 million dollars ($500M) by the end of the 2027 fiscal year. This figure will come from cultivation activities, dispensaries, manufacturers, etc.
How much will it cost to get a dispensary license in Minnesota?
Cannabis retailers (dispensaries) are expected to pay a non-refundable application fee of two thousand five hundred dollars ($2,500), after which they will pay an initial licensure fee of two thousand five hundred dollars ($2,500). The renewal license fee is pegged at five thousand dollars ($5,000). These fees are far more affordable than in many states like Michigan, California, and others.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://www.census.gov/quickfacts/MN
https://www.health.state.mn.us/people/cannabis/data/docs/annualdata.pdf
https://www.mprnews.org/story/2023/05/25/minnesota-marijuana-retail-licenses-sales-could-start-january-2025
https://en.wikipedia.org/wiki/Cannabis_in_Minnesota
https://quantum9.net/minnesota-cannabis-business-consultants/
https://www.marijuanamoment.net/five-reasons-minnesota-is-a-great-place-to-build-a-cannabis-business-op-ed/#:~:text=In%20Minnesota%2C%20annual%20cannabis%20sales,cultivators%2C%20manufacturers%2C%20and%20dispensaries.
https://www.greenrushconsulting.com/open-a-dispensary-in-minnesota#:~:text=Application%20fee%3A%20%24250%20per%20retail,fee%3A%20%24250%20per%20retail%20location
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