HOUSTON--(BUSINESS WIRE)--As Taylor Consulting, Inc. (OTCBB: TAYO) continues to target promising real estate assets in Colorado and Nevada, the company has broadened its search for commercial cannabis properties in more states expected to introduce recreational cannabis legislature in the near future.
National trends showing increased acceptance of adult-use cannabis and the extraordinary $30 million in taxes from the plant’s legality in the Denver area have pushed New York and Vermont to introduce their own legislature calling for adult-use cannabis. TAYO plans to travel to these states to survey commercial real estate prior to a possible legal-cannabis boom in the market.
“We’re looking to be ahead of the curve,” said TAYO CEO Scott Wilson. “Trends show that the real estate market in states with upcoming adult-use cannabis bills climbs exponentially as those bills move through the legislature. Our goal is to put down roots in that real estate hotbed to establish a base of property in the area to use in numerous ways to best serve the needs of the exploding new cannabis sector.”
TAYO representatives are currently scouting real estate in the Nevada area. The Company's current exploration and future scouting trips to look at possible property acquisitions in states with an evolving cannabis legislature is expected to make waves in the soaring national cannabis industry, projected to reap $3.5 billion this year.
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 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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