One of the biggest obstacles anyone in the burgeoning cannabis industry faces is finding and securing rental properties. Even if you can find property that fits within the stringent zoning restrictions, most landlords still don’t want anything to do with it.
Now, one Chicago startup, HerbFront, wants to connect property owners and those in the cannabis industry, automating the process much like Zillow has already done in residential markets.
The website is fairly simple. Landlords can list and business owners can search. The site also allows users to research trends and prices. According to Crain’s Chicago Business, founder Matt Chapdelaine “got the idea for HerbFront two years ago while working as a commercial real estate broker, when a marijuana dispensary offered to pay a landlord above-market rates for a property. But the landlord turned down the company.”
HerbFront expects to be running by the beginning of February, with base rates of $50 per month for building owners to list and users $100 per month to subscribe to the database.
Medical marijuana is legal in 23 states now, with recreational legal in Washington, Colorado, and coming soon to be Alaska, Oregon and Washington, D.C.