A real estate brokerage has claimed an industry first by creating the first-ever retail cannabis real estate MLS listings in Canada.
Vancouver Commercial Brokers says it will allow the fast-growing sector to gain national recognition and establish their brands in a first-of-its-kind database of businesses in the industry.
The first two listings Vancouver Business Brokers has created on the MLS® are retail storefronts.
“Listing these cannabis stores on MLS® shows how times have changed and how much we have progressed as a country,” says Paul Mon-Kau, senior broker with VBB. “Not just in how Governments are treating this product in a calculated and sensible manner, but also in how the entire industry has evolved in such an amazingly short amount of time."
VBB says that a reason that consumers are still turning to the black market for cannabis is the slow progress in licensing new cannabis stores.
However, this trend is changing. While British Columbia is currently recording a fraction of the cannabis sales virtually all other provinces in Canada are booking, the province has so far issued over 60 licenses to the retail cannabis sector with more to come.
More market update: