The wave of legislative victories for cannabis in many states across the US is not expected to slow down soon.
As more entrepreneurs venture into the cannabis business, you must know the cannabis licensing process and cannabis conditional use permit ( CUP).
Our experts have extensively researched Cannabis CUPs to provide you with all the relevant information you need to maximize value for your property.
The cannabis industry has evolved to become a multi-billion dollar enterprise over the years.
Sales of cannabis and cannabis-infused products have continued to witness an increase in sales.
Many analysts attribute the increase to changing public perception of cannabis use.
The cannabis industry is a fledgling one, and its regulations and laws are constantly changing.
Many property owners are looking to take advantage of the legalization of cannabis in their states to increase their property’s value and attractiveness. Here is where Cannabis Conditional Use Permits come in.
Before delving into Cannabis CUPs, let’s briefly explain the meaning of conditional use permit.
CUPs authorize an owner to seek exceptions in ways they use their property outside of a district’s specific zoning.
The process may involve an oral presentation to the zoning board or city planning commission.
There are several reasons why an individual may decide to seek a CUP. It is common for small business owners operating in residential areas to request CUPs.
Most neighborhoods avoid having specific corporate or franchise structures around their domain. The reason is that they believe it will alter the fabric of their community.
Businesses in a community play a significant role in increasing or decreasing the value of properties in the area.
Cannabis Conditional Use Permit allows individuals to request exceptions to use their property for cannabis operations. In most cases, you would need a CUP before applying for a cannabis business operating permit.
Depending on the state, most properties for a cannabis business operation require a Conditional Use Permit (CUP), which includes a public hearing.
Some CUPs are more contentious than others, with the existing cannabis laws in the area playing a significant role. Cannabis zoning also plays a role in seeking permits.
As a result, several cannabis-zoned property owners seek cannabis licensing to attract higher rents and ask prices from interested cannabis operators.
Types of Conditional Use Permit ( CUPs) For Cannabis.
There are two types of cannabis CUPs. It includes cannabis production and a cannabis dispensary.
Cannabis production may include:
Responsibility Agreement must be included in the CUP application.
Cannabis dispensaries, including storefronts and deliveries, must abide by all state and local laws.
If you have a property in a cannabis-zoned area, you might decide to apply for cannabis licensing. However, getting a cannabis license comes with unmitigated risks and high costs that may dissuade many property owners from obtaining it.
Application for a cannabis license comes into parts, including the Municipal and State. You will have to obtain local approval as a first step in getting a cannabis license in many states.
On the other hand, getting a cannabis Conditional Use Permit offers a relatively risk-free way of readying your property for future cannabis operators. CUPs do not require a Municipal or State approval styled process.
Similarly, CUPs do not require background checks and only involve answering questions from municipal departments. Before applying for cannabis CUPs, you must gather valuable information from board members and constituents about possible objections.
Your chances of getting your cannabis CUPs request depend on how well you can draft a compelling argument. You should be able to convince members of the zoning board on how your property can positively impact the area.
Note that there might be likely grievances ahead, so you must be well prepared for the outcomes. We recommend you engage the service of an attorney who specializes in community zoning practices as well as community biases.
Hiring a professional should help increase your chances of getting permission to use the land.
The main benefit of cannabis CUPs is that it helps increase the value of your property. The recent years have seen properties with cannabis CUPs sell way beyond their appraised value.
Property owners are beginning to take advantage of the “green rush to maximize the value of their property. While obtaining cannabis licensing may seem like a far stretch for many, you can get started by obtaining a Cannabis CUP.
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