REALTORS® - Conference and Expo November 7-10
Committee Meetings


Medical Marijuana Laws Impact All Real Estate Transactions: An Overview

11/08/2014   |  09:00 AM - 10:00 AM
Location: Morial Convention Center, Room R06

Who is impacted? As of August 5, 2014:
23 states and DC have passed comprehensive laws permitting medical marijuana.
51.2% of NAR Membership resides within these jurisdictions.
11 states have passed laws permitting usage under very limited circumstances.
24.5% of NAR membership resides within these jurisdictions.
100% of Canadian real estate professionals are impacted by the national law that went into effect on April 1, 2014.

All types of real estate transactions are impacted by these laws and the conflict between U.S. Federal Laws and State Laws. In order to provide you with information you need to know we have created a multi-part presentation, beginning with this general overview which will include highlights of the latest information about federal government actions you should know about when it comes to real estate transactions of all types. We will include discussion of the Canadian law and whether there are any implications for some of your cross border real estate transactions.

The National Conference of State Legislatures website includes an updated state-by-state recap of the statutes. Read state statute updates here.

In order to bring you the most relevant information, the following have collaborated and consulted with their counterparts at the state and local levels as well as the relevant member committees and work groups:
National Association of REALTORS®: Commercial and Global Services Division, Government Affairs Division, Human Resources Division, Risk Management and License Law Division, Meetings and Conference Division
Institute of Real Estate Management (IREM)
Canadian Real Estate Association (CREA)

At 10:00am we will break into four groups to address issues of concern to:
-residential property managers
-commercial, land properties and property managers
-residential brokers and agents -- owner occupied properties
-human resources issues for attendees who are responsible for hiring, office policies, etc.

At 11:15 we will reconvene as one group for a wrap-up and additional discussion.

See the separate listings at 10:15 and 11:30 for each of the other sessions for details.

Hot Topics, Land, Legal Issues

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