Real Estate Scarce For Pot Shops
The city of Albuquerque has passed over proposed zoning amendments that would have imposed major restrictions on where cannabis companies would be allowed to operate in the city. But for many would-be recreational cannabis entrepreneurs, finding real estate that will accommodate a marijuana business is still proving difficult.
While the state appears to be acting in good faith when it comes to establishing a recreational cannabis industry, concerns from some city leaders and even the mayor’s office in recent weeks surrounding the placement of marijuana businesses near main street and residential areas threatened to limit the space available in which new businesses could operate.
However, the proposed amendments were rejected by the City Council, opening up large…