Cannabis Reclassification Would Likely Boost Cash Flow, Opening Doors For CRE Moves This week’s announcement that the Department of Justice recommended cannabis be reclassified as a lower-risk substance is a long-awaited move toward legitimacy coveted by thousands of marijuana businesses in states where recreational use is legal. The decision could bring big changes for cannabis-related real estate as a result of loosened lending restrictions, a lower regulatory bar and more available money to spend on facilities and growth. 
“The increased cash flow from the reduced tax burden will provide financing for expansion of all different types of licenses,” Charlie Alovisetti, partner at cannabis law firm Vicente LLP and chair of the firm’s corporate group, told Bisnow in an email. “And the momentum from the rescheduling will hopefully lead… Read the full story here. | 
