New Legislation Could Clear the CRE Haze
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The deep divide between how the federal government and many states are handling marijuana regulation continues to be a serious concern for those in the real estate industry, says Stewart.
IRVINE, CA—“A much-needed resolution in the form of a federal bill may be on the horizon for landlords, lenders and others in the real estate industry who currently find themselves caught in a precarious position due to the lack of congruity between marijuana legislation at the federal and state levels.” That is according to Morgan Stewart, a partner with Irvine, CA-based Manly, Stewart and Finaldi. Take a closer look at Stewart’s thoughts on the subject in the column below.
The views expressed below are the author’s own.
The Compassionate Access, Research Expansion and Respect States (CARERS) Act, which has bipartisan support, was recently introduced in both houses of Congress. If it is passed and enacted into law, the CARERS Act would finally provide protection from federal prosecution in states where medical marijuana is legal…
