Weed's No Joke

Weed's No Joke : We have been joking and laughing about cannabis legalization

and our wild exaggerations of the modified behavior we expect of our fellow

Canadians as they go through a normal day high and second-hand high

ever since last year when our parliamentarians voted to make it so. 

Canada and we Canadians will be a big science experiment on 

general cannabis usage and society.

 Are we mature enough to handle it in a responsible manner?

All joking aside, cannabis (weed) will have an impact on our society from

relationships (with one another) to crime, on our economy, on our motivations

and productivity, our health, our mental health, our youth, 

our educational system and learning.

Will we care anymore, about anything?

Do we understand all the potential benefits, costs, challenges

and consequences that cannabis culture will bring?

Real Estate and Cannabis

In commercial real estate leasing or buying property for the business/production 

of cannabis there are federal government rules, guidelines, licensing and

 RCMP audits and at the local level zoning-bylaws that need to be followed.

Landlords have discretion whether they will allow this activity at / in their properties

regardless if all the other rules, guidelines, licensing and zoning bylaws are satisfied.

Residentially speaking it gets more interesting, challenging and complicated

 based upon your individual housing situation. 

What are the implications for insurance, mortgage(s) and resale value(s)?

 We will learn by trail and error (success), we guess.

Condo boards have passed bylaws to protect the interests of all unit 

occupants and restrict (stop) from smoking cannabis, smell, second hand high, mould 

growth and growing operations. Property managers and residence will enforce

the rules for everyone’s benefit (the greater common good, balanced

with property rights [a person’s home is their castle; strong principle in law]), 

smoke free zones and no grow policies.

Will these Condo living restrictions inspire the sale of single detached homes,

where you will generally be free to grow up to 4 plants per housing unit?

Will we Canadians be a more productive, creative and globally competitive

country or will we fall dramatically behind the rest of the world?

We presumable will be less stressed about nearly everything.

Including but not limited to paying taxes and even coming out to

vote at future elections.

Yes some of us worry a lot because we care a lot. 

It’s not about stealing your joy, my friends.

Who benefits the most from this federal government decision to go legal?

Will we care as much after October 17, 2018 or when the supply of cannabis

catches up to the potential demand on the streets and homes of our country.

Keep the conversation going for all our sakes.

Good luck Canada.

Let’s talk about your real estate needs, management and portfolio we can

be easily reached for a complimentary discussion.

Email : [email protected]

www.envoycapitol.com

Envoy Capitol Realty Inc., Brokerage                  Toronto, Canada

Check out our book on Amazon ;

The Greatest Money Machine and Silver Bullet Investing

The above is meant for discussion and educational purposes, and is not meant to be a call for action. It is always wise to consult with the appropriate professional before taking meaningful action as all situations are unique and should be dealt with on an individual basis.