HOUSTON--(BUSINESS WIRE)--The cannabis industry is turning real estate in select markets across the country upside down, and Taylor Consulting, Inc. (OTCBB: TAYO) is already vetting promising acquisition opportunities in the states experts say are most likely to legalize the plant next.
“The legal cannabis industry not only puts a big crunch on commercial and warehouse space in markets such as Denver and Seattle, but it also creates new jobs, provides state revenue and reduces prison populations,” said TAYO CEO Scott Wheeler. “It is a major new segment of the U.S. economy, and it’s the one of the fastest-growing industries in the world. We want to invest in the real estate at the epicenter of this continuing boom.”
TAYO is targeting states where criteria such as existing decriminalization of cannabis and medical cannabis clinics make legalization an easier and more natural progression. The company is mulling opportunities in Massachusetts, which the legislature will take up a legalization bill next year, as well as Nevada, where voters will decide the issue in 2016. Other states predicted to flip in the coming wave of legalization are California, New York and Vermont.
“Soon, there is going to be a real need in these places for new growing facilities, warehouses and dispensaries in approved areas,” Wheeler said. “As soon as a new law is passed, demand could explode.”
TAYO has earned consistent revenues this year from its real estate divestitures in West Texas. Now, the company plans to expand its portfolio to include potential cannabis properties across the continent. For more information on TAYO and its real estate division, Third Avenue Development, please visit www.ThirdAvenueDevelopment.com.
About Taylor Consulting Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue Development, LLC as a new division whose primary goal is to invest in promising real estate assets to compete alongside American Homes 4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY), Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and others.
Third Avenue Development, a premier hybrid real estate investment and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and resale. The company is focused on acquiring properties in the country’s top-performing housing markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.
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