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Cannabis and The Commercial Real Estate Landscape

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Impacts & Outlook in Northern California

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Cannabis’ history in the United States is a complicated one. As recent as 2016, the substance was illegal in California and operated under the watchful eye of law enforcement. All that changed with Proposition 64 which legalized recreational marijuana for persons over the age of 21. With an estimated total economic impact of $71.4 billion annually within the US, cannabis owners and operators represent a significant portion of the economy. That’s where the commercial real estate comes into play.


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Cannabis and The Commercial Real Estate Landscape

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Cristian Villarreal

Research Analyst

Walnut Creek

Cristian Villarreal is Colliers International's Market Research Analyst for the Walnut Creek office. Cristian is responsible for maintaining, verifying and updating the commercial property database inventory, including available and comparable records, and creating and publishing  quarterly reports.

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