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Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Fred, there are now, have been, and will continue to be illegal marijuana investors and growers.  It is not just the investors. There are huge issues with the medical cannabis industry because of the great divide between Federal and State. It is driving an underground cash economy and a crap ton of taxes are not being paid. Meanwhile, Big Pharma is making a Killing on drugs that are literally killing people.  

Nov 22, 2016 12:10 AM
Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I am neutral as far as pot goes, but do feel that the feds really have no business in this state issue and congress needs to tell the dea to spend their resources on a more important endeavor.

Nov 21, 2016 11:35 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Remember Phrenology or Chealation Therapy?

How about 'Rent to own' and "Lease with option?"

All disappeared when those on high passed judgment. However, it did not prevent a whole lot of people from making a lot of money.

What happened when the 'pill mills' were shut down? A heroin epidemic swept the country. The money IS going to flow, why not bring it into the daylight where is can be taxed, " TO SUPPORT OUR SCHOOLS OF COURSE!"

At this moment, if the purpose of the purchase is disclosed, it compels it become all cash transactions. (I.e. the banks can not sell the loans to the taxpayer).

It will be interesting to observe should the feds take action, deport illegals, imprison city leaders who support sanctuary cities in DEFIANCE of FEDERAL law,  and banning this emerging 'smoke it' movement and see which brings the biggest crowd to the Capital Mall.

 

Nov 21, 2016 11:41 PM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No yet , altho LEGAL growers are getting ready in PA

Nov 22, 2016 12:12 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Not my cup of tea and would refer it to someone more favorable of the laws.

Nov 21, 2016 11:42 PM
Ambassador
5,049,183
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Not involved in any way nor aware of anyone who is. Haven't heard anything about the impact since CA legalized marijuana in the recent election. One has to wonder about the interaction of state vs. federal law

Nov 21, 2016 11:38 PM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not working with any "Marijuana Investors". Not sure I would want to do so! The Federal issue looms large!

Nov 21, 2016 11:32 PM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Not yet.   I am aware of the federal law regarding this issue.  These are interesting times.  

Nov 21, 2016 11:23 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I pass. Do not want to walk over with a fine line.

We realtors got enough bad publicity already. 

 

Nov 21, 2016 11:21 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

Too early, nothing we have heard.  I am aware of the Federal issues.  A

Nov 21, 2016 11:18 PM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not that I am aware of.

Nov 21, 2016 11:14 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I am looking at invesments for building marijuana grow buildings in astates where it has been legalized. The ROI is outstanding.  If for one moment you think that drugs of all kinds can be controlled, please read The Botany of Desire. FYI, the true story of Johnny Appleseed is fascinating and not what I was told in grade school.

Nov 22, 2016 01:45 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's legal in MA as of Dec 15th and I'm very upset with this law having passed.... what's next, Cocaine? 

Nov 22, 2016 12:17 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't work with clients that want to break federal law.

Nov 23, 2016 03:39 PM
Rainmaker
4,936,677
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

No, but I know of a couple of agents that into the product.

Nov 23, 2016 10:04 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Nov 23, 2016 08:57 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

There is still a huge disconnect between state and Federal; I'd be cautious.

Nov 23, 2016 05:32 AM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Here it's legal to possess it and grow it, but you can't sell it.  So some enterprising condo builders are offering a "grow closet" with all the lighting and water.  It wouldn't be on the top of my wish list!  I destroyed enough brain cells in the 60's.

Nov 22, 2016 09:13 PM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

What is strange for me is in Washington State (legal for 4 years) I still feel funny seeing pot treated and displayed like wine in homes. It is just weird walking through homes with bongs and decanters openly displayed...

Nov 22, 2016 08:45 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is still illegal in TN and hope all the kinks get worked out before we are faced with these issues.

Nov 22, 2016 06:37 PM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

No, but I just read this article, which is related to your question: http://www.nbcwashington.com/news/local/DC-Condo-Remodeled-to-Include-Marijuana-Grow-Closet-338107482.html

Although some people are using them for herbs (seasoning, that is), marijuana grow closets are being included in the project mentioned above

Nov 22, 2016 04:57 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

It's a wait and see thing. 

Nov 22, 2016 04:52 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not going to touch any of this.

Nov 22, 2016 04:34 PM
Ambassador
5,230,068
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

No, it's not legal here in North or South Carolina!

Nov 22, 2016 03:34 PM
Rainmaker
637,434
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

If an agent sells farms or agricultural land  in California right now, there is a good chance it will become a legal pot farm in the future. Any plants on it would be considered "personal property" just like corn or whatever.

Nov 22, 2016 02:43 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sadly the studies show that the majority of drug  users started with pot and wint up from there.  I would love to see an update from colorado.

Nov 22, 2016 02:17 PM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes I am in the mix on this...It is very fascinating and being defined as we go. Fed law can come in and shake things up anytime it wants to for now but they need to have a prompt to do so. Meanwhile, local law prevails. The new Attorney General will direct this I bet....

Nov 22, 2016 01:25 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Not here in NH, but i have come across illegal ones in foreclosed homes

Nov 22, 2016 01:02 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No and I  don't know that I will. Medical useage is fine, but not recreational in by opinion.

Nov 22, 2016 12:28 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

 Fred Griffin - in Oregon we are a year ahead of many states regarding how we as real estate professionals handle marijuana grow operations and buyers who wish to purchase with this intent. I wrote a blog about this early October - Is Your State Going to Pot? Within my brokerage, we have made the decision not to work with people purchasing with the intent of growing or dispensing pot.  Our E & O does not cover federal crimes.

 

Nov 22, 2016 03:23 AM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

When Prop 203 had just passed (medical MJ) I was flooded with wannabe dispensary owners and I shooed them all away after getting educated on the process. Until it's off the controlled substance list, it's a risk. PS. Is 'Federal Law' the mother of all oxymorons? LOLLL

Nov 22, 2016 02:56 AM
Rainer
66,409
Kartik Subramaniam
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

Investors are going to slow down for the next few months until they see how the next administration handles things. That is the reality when federal law is not enforced, yet conflicts with state law. I know people who have had dealings with these types of investors and have not worried about their legal risks. I don't envision the DEA coming after a real estate agent. That said, I entirely understand why someone would pass on that client.

Nov 22, 2016 02:14 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Fred Griffin Federal Law rules. Unfortunately, they are not being enforced.

Nov 22, 2016 01:27 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not I. And I doubt I would put this "specialty" into my wheelhouse.

Nov 22, 2016 12:21 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Nope.

Nov 22, 2016 12:02 AM