A large-scale initiative to house the homeless in Los Angeles is bumping up against efforts to give social equity license holders and other retailers a greater role in the city’s cannabis industry.
In particular, L.A. Mayor Karen Bass’ plan to build and retrofit thousands of single-family homes and multifamily units for the homeless is creating new obstacles for marijuana retailers and entrepreneurs searching for property in one of the nation’s priciest real estate markets.
Such dwellings – known as Permanent Supportive Housing (PSH) properties – are considered one of several “sensitive uses” under L.A. zoning laws.
Cannabis stores are barred from operating within a 700-foot radius of such properties.
And with so many marijuana retail operators and applicants in L.A. a part of the city’s social equity program, this real estate predicament is pinning one disadvantaged constituency against another.
New build-outs and municipal-owned property conversions –
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