Cannabis practice
Cannabis acquisitions & dispositions
Last updated
How does C3 CRE handle cannabis?
C3 CRE brokers cannabis real estate in Michigan and Florida: opted-in retail storefronts, cultivation and processing buildings, and combined license-and-property sales. We screen municipal opt-in status, zoning overlays and school/park buffer distances before a property goes to market, and we can pair a transaction with debt through Rair Capital or equity through Corbco Ventures.
How we work
Cannabis is not a property type that a generalist brokerage can bolt onto a service list. The deal turns on whether a municipality has opted in, how many licenses it will issue, how a buffer ordinance is measured, whether the electrical service and HVAC in the building match the cultivation plan, and whether the buyer's capital survives a regulated diligence period. We have transacted through every one of those failure points.
We run three distinct cannabis assignments. First, site acquisition for operators expanding into a new municipality, where our work starts with an opt-in and license-availability map rather than a property tour. Second, disposition of built cannabis assets — operating facilities, distressed grows, and former facilities being repositioned to conventional industrial use. Third, combined transactions where the license and the real estate move together and the closing has to be sequenced against a regulator's approval calendar.
Because the capital stack is usually the binding constraint, we underwrite it in-house. Rair Capital writes commercial and cannabis debt that most regulated lenders will not touch, and Corbco Ventures can take a development or equity position when a seller needs certainty more than a marketing period.
What you receive
- Municipal opt-in and license-availability mapping by jurisdiction
- Buffer-zone and zoning-overlay measurement before go-to-market
- Building suitability review: power service, HVAC, water, floor drains, security envelope
- License-plus-real-estate transaction sequencing against regulator calendars
- Buyer capital verification, including cannabis-specific debt through Rair Capital
- Repositioning strategy for former cannabis facilities returning to industrial use
Questions
Common questions
- Do you broker cannabis real estate outside of Michigan?
- Yes. Our Michigan headquarters covers the statewide adult-use market, and our Tampa office covers Florida's medical market and the I-4 corridor. Assignments outside those two states are taken selectively, usually alongside an operator we already represent.
- Can a buyer finance a cannabis property?
- Often, but not through a conventional bank. Our affiliate Rair Capital, LLC originates commercial and cannabis-specific debt, which lets us verify a buyer's capital before a seller commits to a diligence period.
- What kills cannabis deals most often?
- Municipal opt-in changes, buffer measurement disputes, insufficient electrical service for the cultivation plan, and buyers whose capital is contingent on financing that no lender will write. We diligence all four before marketing.
Next step
Talk about a cannabis assignment
Send the asset, the market and the constraint. You will get a response from a broker who works this practice, not an intake form.
Related
Other practices
Buyer & seller representation
Full-cycle representation on the buy and sell side of commercial property — pricing, exposure strategy, negotiation and closing management.
Site selection
Data-led site selection for operators and franchisees — drive-time and demographic screening, zoning and use verification, and multi-site rollout sequencing.
Investment sales
Income-property sales across retail, industrial, office and net lease — underwriting, buyer targeting and closing certainty over headline pricing.