US (MO): MMJ facilities light up the real estate market

A warehouse is no longer abandoned as it is now a construction process and Jack Mitchell sees the potential, although indoor grow operations are complex.

Mitchell runs a company that's filed several applications for marijuana cultivation and dispensary facilities, one state requirement was access to a building where a cannabis operation could operate.

“We're hoping to get a license and we're going to take some risk,” Mitchell said.

One risk is the preparations. Mitchell is already preparing the building even though his application for a grow license hasn't been approved yet.

“We're going to go ahead and keep planning, engineering plans, construction plans,” Mitchell said.


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