SCOTTSDALE, Ariz., May 31, 2019 /PRNewswire/ -- Zoned Properties®, Inc. (OTCQX: ZDPY), a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the company for property acquisitions and revenue growth, today announced the Company has established the Zoned Cannabis Real Estate Team under a licensed brokerage in Arizona and is actively working with new clients in the regulated cannabis industry.
"We are excited to launch the Zoned Cannabis Real Estate Team across the regulated cannabis industry. Setting up a real estate team under a licensed brokerage allows us to expand the scope of services we can provide clients and opens up access to new revenue streams," commented Bryan McLaren, Chief Executive Officer. "Successfully permitted and zoned properties in the regulated cannabis industry have the potential to return premium valuations for real estate owners, creating an opportunity to explore new development strategies. Property owners, licensed operators, and development teams need real estate experts who know how to navigate the nexus of both real estate and cannabis regulations."
"There may very well be several billion dollars worth of real estate transactions taking place over the next few years as the regulated cannabis industry continues to emerge and evolve. The Zoned Cannabis Real Estate Team allows us to directly represent clients in these licensed real estate transactions and explore new capital development strategies such as opportunity zones and industrial-scale hemp," added Mr. McLaren.
About Zoned Properties, Inc. (OTCQX: ZDPY):
Zoned Properties is a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for clients in the regulated cannabis industry, positioning the company for real estate acquisitions and revenue growth. We intend to pioneer sustainable development for emerging industries, including the regulated cannabis industry. We are an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. We focus on investing capital to acquire and develop commercial properties to be leased on a triple-net basis, and engaging clients that face zoning, permitting, development, and operational challenges. We provide development strategies and advisory services that could potentially have a major impact on cash flow and property value. We do not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the "CSA").
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SOURCE Zoned Properties, Inc.