Competitive Edge Workshop: "Marijuana in Commercial and Residential Properties" How changing laws and regulations on marijuana are impacting property management.


April 15, 2021
11:20 AM - 12:20 PM
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Medical and recreational marijuana legalization has exploded throughout the country. In 2016, sales of legal marijuana in North America were nearly $7 billion dollars and, by 2021, are expected to exceed $20 billion. In states that have opted for legalization, the marijuana industry has had both positive and negative impacts on the real estate market. Alternatively, the conflict with federal drug law and velocity of the emerging market has created uncertainty for commercial real estate owners and managers.

This presentation will address:

  • Background on Medical and Recreational Marijuana
  • State & Federal Laws for Medical Marijuana
  • Impact on rental property management
  • Marijuana on Commercial & Residential properties



Ted Thurn, IREM National Director of Government Affairs, directs policies and objectives involving federal, state, and local issues related to property management. Maintains and nurtures relationships with government, associated authorities and all committees, legislatively represents and protects organizational interests. Assists in the establishment of strategies, policies and plans, which align with government laws, regulations and standards.

Includes $20 Grub Hub lunch sponsored by:

Brad Stoner Painting & RSI Roofing


$5.00 Property Manager