- Cannabis industry retail opportunities growing amid evolving regulations, increasing consumer demand, and shifting public attitudes
- Demand for specialized, direct-to-consumer properties includes dispensaries, manufacturing or processing centers, and distribution hubs
- ZDPY is a technology-driven property investment company that focuses on securing direct-to-consumer real estate opportunities in the regulated cannabis market
- ZDPY has recently secured and acquired investment properties in Michigan, Arizona, and Illinois with 100% occupancy and a weighted average lease term of 10+ years
- All ZDPY properties are occupied by commercial cannabis tenants, company anticipates $2.5+ million from its property investment portfolio in 2024
Changing regulations and attitudes towards cannabis use are transforming the industry, leading to new opportunities in the real estate sector. Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company, focuses on seizing direct-to-consumer real estate opportunities in the rapidly growing and regulated cannabis market.
Cannabis businesses are expanding significantly as regulations evolve, leading to an increased demand for specialized, direct-to-consumer properties that include dispensaries, manufacturing or processing centers, and distribution hubs. Real estate investors are capitalizing on this demand by acquiring properties for rental income generation while potentially realizing significant property value appreciation as the industry grows.
A case in point is Michigan, where investors, developers, and brokers swiftly pivoted to procure targeted property investments focusing on the needs of cannabis-specific businesses. Along with retail locations, other requirements in Michigan include warehouses, industrial spaces, and growing facilities (https://cnw.fm/Y3372).
In alignment with the evolving market, ZDPY has recently secured and acquired investment properties in Michigan, Arizona, and Illinois. All properties in ZDPY’s portfolio boast 100% occupancy and a weighted average lease term of 10+ years. Each leased property is occupied by a commercial cannabis tenant, and the company anticipates more than $2.5 million from its property investment portfolio in 2024.
Zoned Properties Brokerage has closed over $80 million of commercial real estate deals nationally since 2021. The company reported revenues of $720,450 for the quarter, ending September 30, 2023 – a 17.2% year-over-year increase. In addition, ZDPY reported a positive net income of $114,523 for the September 2023 quarter compared to a net loss of $77,328 last year.
ZDPY is also leveraging digital innovation through its proprietary cannabis technology platform, called REZONE. Similar endeavors have leveraged data-driven insights, analytics, and artificial intelligence to identify potential investment properties, streamline processes, and enhance efficiency.
Overall, industry experts are optimistic about growth prospects for the industry as public attitudes shift rapidly in favor of increased liberalization. In his State of the Union Address, President Biden called for cannabis reform, specifically his intent to review marijuana rescheduling and possibly issue pardons for thousands of users convicted of possession (https://cnw.fm/DZFZ8).
Based in Arizona, Zoned Properties is led by Chairman and CEO Bryan McLaren, whose background in community development and strategic leadership informs the company’s forward-thinking strategy. As the cannabis industry continues its forward trajectory, Zoned Properties is favorably positioned to capitalize on real estate opportunities in the rapidly expanding market.
For more information, visit the company’s website at www.ZonedProperties.com.
NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY
About CannabisNewsWire
CannabisNewsWire (“CNW”) is a specialized communications platform with a focus on cannabis news and the cannabis sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled recognition and brand awareness. CNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer
CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com
CannabisNewsWire is powered by IBN
