FutureLand Corp. is a cannabis and hemp land leasing company
formed to capitalize on the emerging global cannabis market. The company
currently owns roughly 240 acres in southern Colorado, which it leases to
medical marijuana, retail marijuana and industrial hemp growers. FutureLand delivers
the land and facilities, as well as all licensing, approvals, site plans,
supplies and equipment needed to meet the specific needs of cultivators. While
the company retains complete ownership of all land and structures, it also
monetizes through leases, financing interest revenue and management fees
associated with cultivation centers.
“[The company] currently has two signed leases for our land
in Colorado,” Cameron Cox, chief executive officer of FutureLand, stated in a
letter to shareholders. “Both leases are for five years, plus renewals. We will
continue to outfit the property and look for new opportunities both in Colorado
and other states.”
The company’s leasing strategy follows a proven model
currently being utilized by a variety of major investment firms. Silver Bay
Realty Trust Corp. (NYSE: SBY), for example, acquires, renovates, leases and
manages single-family properties for rental income and long-term capital
appreciation, while Equity Residential (NYSE: EQR) focuses on high quality apartment
properties. Unlike these firms, however, FutureLand is also strategically
positioned to benefit from the rapid growth of the cannabis industry.
According to research from The ArcView Group, the U.S.
cannabis industry grew to approximately $2.7 billion in 2014, which was a
year-over-year increase of nearly 75 percent. Over the next five years, the
firm forecasts that 14 more states will legalize recreational marijuana and two
more states will legalize the plant for medicinal purposes. As a result, the national
marijuana market is expected to reach nearly $11 billion by 2019. This
performance will serve as a formidable platform upon which FutureLand can
rapidly expand upon its existing operations.
In addition to its leasing strategy, FutureLand has also outlined
intentions to own and operate its own cultivation centers and dispensaries in
the future. The company is currently awaiting a federal decision to reclassify
cannabis as a schedule II drug before executing on this approach. Recent
federal initiatives – including a Supreme Court decision recognizing the right
of states to regulate marijuana use and a congressional act banning the federal
government from interfering with state medical marijuana laws – could
foreshadow a significant and sustainable opportunity for FutureLand to rapidly
expand its target markets.
For more information, visit www.futurelandcorp.com
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