U.S. District Judge Jon Tigar recently ruled that allegations by four families that Green Earth Coffee’s business created a “sickening cannabis odor” and are personal injuries that can’t be compensated under the Racketeer Influenced and Corrupt Organizations Act (RICO). The lawsuit is believed to be the first RICO case of its kind in California since the state legalized recreational marijuana.
Despite the judge ruling in favor of Green Earth Coffee, there are many other instances of similar rulings against cannabis companies. Luckily there is a solution for cannabis brands real-estate problems. Canna-Hub, a Sacramento based real estate development and property management company, deals exclusively with the cannabis industry. Canna-Hub has created America’s first cannabis business park – or “canna hubs”.
These Canna-Hub business parks are fully-licensed, excluding only outdoor growing licenses, making them move-in ready and an easy transition for cannabis brands. The tenants pay close to nothing in government taxes, while other cannabis companies are currently paying a 15% excise tax in addition to state and local taxes.