A large-scale initiative to house the homeless in Los Angeles is bumping up against efforts to give social equity license holders and other retailers a greater role in the city’s cannabis industry.
In particular, L.A. Mayor Karen Bass’ plan to build and retrofit thousands of single-family homes and multifamily units for the homeless is creating new obstacles for marijuana retailers and entrepreneurs searching for property in one of the nation’s priciest real estate markets.
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Such dwellings – known as Permanent Supportive Housing (PSH) properties – are considered one of several “sensitive uses” under L.A. zoning laws.
Cannabis stores are barred from operating within a 700-foot radius of such properties.
And with so many marijuana retail operators and applicants in L.A. a part of the city’s social equity program, this real estate predicament is pinning one disadvantaged constituency against another.
New build-outs and municipal-owned property conversions –
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