My wife and I own several different buildings in the city.
There are lots of different businesses that pay rent to have an office in these buildings.
One building has a dry cleaning shop, laundromat, and spa. Another building has an accountant and tax service company. We also own a building that is home to a recreational marijuana delivery service shop. I bought the building where the recreational marijuana delivery service shop is located about 15 years ago. At that time, they’re really weren’t any businesses in the area and real estate was super cheap. I kept the building up to code and I made sure that the space was ready for a person to move into the building at any time. When I spoke to the owner of the recreational marijuana delivery service, I did not think it was going to be a very good idea to rent to the business owner. I honestly wasn’t sure if I wanted to get involved in recreational marijuana delivery. Even though it is absolutely legal in the state, federally the lines are gray. I didn’t want my building to be seized or any funds that I made from the business. I decided to talk to my lawyer, because the owner of the marijuana delivery service really wanted the space. She was willing to pay for 5 years up front if I would sign a 10-year lease. I didn’t have any offers on the building that were near that good and I thought it would be helpful to get an honest opinion from someone with knowledge and expertise in that specific law area.