Growth

Marijuana Zone in Adelanto Sends Land Prices Soaring

According to the Victorville Daily Press, November 2, 2016, Adelanto’s decision to designate a zone for medical marijuana businesses has sent land prices in that part of the city skyrocketing, a commercial real estate broker told the Victor Valley Chamber of Commerce. The zone is within the city’s three main industrial parks, a diverse and manufacturing-heavy section on Adelanto’s west side. He said a couple of years ago he couldn’t get $45,000 for an acre in that zone. Now an acre is fetching as much as $1.5 million.

Translate »