Demand for Pot Grow-Ops Is ‘Astronomical’ as Canada Legalizes
- Pot facilities’ footprint grew six-fold since last year: Altus
- Strong public weed market has increased investment in property
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The rush for cannabis is on in Canada and so is finding the real estate to grow it.
The legalization of recreational weed on Wednesday has already fueled a six-fold surge in pot-growing facilities to 8.7 million square feet (808,256 square meters) in the year through September, according to data from Altus Group Ltd. -- space about the size of Amazon.com Inc.’s Seattle headquarters. Publicly listed companies have another 6.4 million square feet on the drawing board, not including retail.