Industry experts suggest that no new-to-market use has had as large an impact on Maine’s commercial real estate landscape in recent years as has cannabis cultivation. Starting as a niche industry five years ago, the marijuana growth business has morphed into a well-regulated and complex professional system in some respects and an unregulated and “wild west” environment in others. Rapid growth has put a significant strain on Maine’s existing industrial inventory and regulatory systems (both state and municipal). And with the 2016 election legalizing adult use recreational cannabis, further stressors are anticipated. Beyond adjusting to industrial impacts, Maine’s retail corridors need to prepare for inevitable retail store and further cultivation facility demand. Importantly, efforts to implement the recreational cannabis program will provide Maine with an opportunity to “get it right” and enact a safe, robust, and fair regulatory system giving Maine the opportunity to establish a unique and successful economic sector in which many professionals will be comfortable operating.
Join us for breakfast on February 16 from 7:30 AM - 9:00 AM at the Holiday Inn By the Bay for a panel discussion and presentation on how this industry has evolved, where things stand today and what the future may hold. The panel will be moderated by Justin Lamontagne, a Partner at NAI The Dunham Group specializing in commercial industrial brokerage. It will feature presentations by Dan Walker of Preti Flaherty and Gretchen Jones of Eaton Peabody, two legal experts with extensive experience in representation of both cannabis landlords and end-users. Discussion points will include a legislative update on current laws, an overview of financial and insurance hurdles, and pros and cons for property owner Landlords to consider. We will also have perspective from cannabis industry experts with Jacques Santucci from Opus Consulting Group and Brett Messer General Manager, Caregiver at Brigid Farm completing the panel.
About the Panel:
Justin Lamontagne, CCIM, joined NAI The Dunham Group in 2011 and was named Partner in 2016. He has worked in commercial real estate since 2006 and has successfully brokered transactions in all sectors of commercial real estate, specializing in industrial, office and investment properties. Justin has experience and expertise in sale/lease negotiations, property valuation, landlord/tenant representation, site searches and strategic planning.
Gretchen Jones, attorney at Eaton Peabody has extensive experience in representing businesses and financial institutions in transactional matters as well as before the Maine Legislature, members of Congress, federal financial regulators and state agencies. She also represents individuals and business entities in business succession and transition planning and estate planning and administration. Her expertise encompasses serving as general outside counsel; governance; regulatory compliance; finance; charter conversions; and mergers, acquisitions and reorganizations.
Dan Walker is a Partner and the Chair of Preti Flaherty's Government Affairs Group. He focuses his practice on advocating for clients before the Maine Legislature, the Executive Branch and other state and federal governmental agencies. Dan focuses his practice on regulatory issues, including election and campaign finance law. He represents the statewide association of private non-profit colleges and universities. He also represents the largest medical marijuana dispensary in Maine and has several gaming clients, including a Maine-based casino. Dan has extensive knowledge of the citizen initiative process, having taken clients successfully through this process to business formation.
Prior to founding Opus Consulting Group, Jacques Santucci began his career as an auditor for Ernst & Young and Universal Pictures in Paris, France. Since moving to Maine in 1999, Jacques has held several executive positions and engaged in an array of consulting assignments. Over the past few years, he has been instrumental in bringing alive a number business startups and engineering corporate turnarounds. His expertise lies within business strategy and management, new business venture, due diligence, accounting, process improvement, financial systems, planning and analysis, sales and marketing strategy.
Brett Messer, a self-taught botanist with a degree in Finance and in Economics from Plymouth State University. Brett spent a short time after graduation working in accounting, but could not ignore his desire to engage his green thumb. For the last half decade Brett has built a qualified and motivated team that have made it their mission to grow, develop, and deliver the very best cannabis and cannabis products to Maine medical marijuana patients.