Tower Launches Full-Service Cannabis Real Estate Division in Florida

MIAMI — Tower Commercial Real Estate has launched a full-service cannabis real estate brokerage division in Florida. Tower has closed $50 million worth of cannabis-related retail and industrial transactions in the past 18 moths and has another $15 million of cannabis-related sales expected to close by the end of the year in the state. Senior managing director Scott Allen and senior director Rob Foster of Tower will lead the division. As of May 2, Florida had 213,000 people enrolled in its medical marijuana program with more than 10,000 people signing up each month, making it one of the fastest medical marijuana programs in the country, according to Tower.

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