The Shifting Retail Experience of Modern Cannabis Dispensaries

This episode covers everything to know about the budding cannabis retail sector with Barry Wolfe, Senior Director at Marcus & Millichap.

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. 

In this episode, Crexi’s Yannis Papadakis sits down with Barry to talk about the emerging world of cannabis-specific retails, the potential opportunities in the sector and fundamentals that investors need to consider when exploring investment options. Their wide-ranging conversation covers:

• Introductions, career paths, and early lessons learned entering the cannabis real estate space.
• The underlying fundamentals of cannabis commercial real estate and what sets it apart nationally and locally from other market sectors.
• How regulatory challenges in the cannabis sector actually provide unique opportunities and siloed competition to property owners who meet the requirements.
• How the investment demographic of capital entering the cannabis space has changed over the last five years and what’s happening as national perception of the market shifts.
• The challenges and obstacles potential owners and investors need to consider when looking to invest in cannabis real estate
• And much more!

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About Barry Wolfe:

Barry is a Senior Director of both Marcus & Millichap’s National Retail Division and Net Leased Properties Division. Barry specializes in the sale of single-tenant properties and shopping centers. He has successfully assisted his clients in selling more than 705 properties with a total value exceeding $2 billion, having closed sales in over 40 states across the United States.

Barry is frequently quoted in publications like Chain Store Age, Restaurant Business Magazine, and The Real Deal regarding matters affecting the real estate market. Barry is an active member of the International Council of Shopping Centers (ICSC).

Prior to joining Marcus & Millichap in 2001, Barry was a practicing attorney for nearly ten years, initially in private practice with a transactional, real estate focus. As an attorney in private practice, Barry represented many developers and several national restaurant chains. Subsequently, he served as in-house counsel for a publicly traded NYSE company, where he ran the legal-real estate department. Barry’s legal background frequently proves invaluable in helping his clients navigate the landmines inherent in real estate transactions.

About Crexi:

Crexi is transforming commercial real estate with advanced, integrative technology and data analytics designed to accelerate every CRE stakeholder’s success. From trading properties to machine-learning-powered industry Intelligence, Crexi’s intuitive CRE solutions accelerate transaction velocity and have empowered over 2 million monthly users to close $440 billion in deals and market over $5 trillion in property value.