Rent Warehouse to grow legal medical marijuana

Skylor

Well-Known Member
http://woodtv.com/2015/04/06/warehouse-for-rent-fort-knox-of-pot/

GRAND RAPIDS, Mich. (WOOD) — “The Fort Knox of pot.”

That’s how Matthew Herman describes the secure warehouse he’s setting up in Grand Rapids. The warehouse aims to provide a safe place for people to grow legal medical marijuana without the risk of thieves breaking into their home.

24 Hour News 8 agreed not to disclose the location of the warehouse, which has air filters to prevent a smell, blacked out windows and doors, a secure entrance and multiple cameras.

“Right on the other side of this wall right here is our first tenant,” Herman, a Grand Rapids attorney, said. “I think he has 60 plants in there.”

Each unit in the warehouse is roughly 900 square feet and is divided into two rooms: One for one small plants, called a veg room, and another called the flowering room.

Rent costs $4,000 per month and each unit comes with a 2-year lease, but the warehouse is already completely rented out and Herman also has a waiting list of prospective tenants. He says he has plans to open another five locations this year alone to keep up with demand.

“We’re still kind of a work in progress,” he said as he showed 24 Hour News 8 the warehouse on Monday.

Rent covers the cost of lights, water and fertilizer — but not the actual plants. Rent also covers the fees for an attorney who will answer questions about Michigan’s notoriously confusing medical marijuana law.

Herman got into the business after seeing clients running into trouble while attempting to legally grow medical marijuana in their homes.

“I kind of started to see the problems they were having and then I thought of the economic side of it, because those are the clients that always had the ability to pay their bills,” Herman said. “You kind of figure out how much money is associated with something like this, you’re like, ‘Man, how do I get involved?'”

By June, he hopes to have locations in Byron Center, Muskegon, Ionia, Warren, and two in Grand Rapids. The space at the Byron Center location, which isn’t open yet, is already completely leased out to clients.
 

theexpress

Well-Known Member
Rent includes utilities right.. otherwise that's steep. Might be cheaper to just invest like 50,000$ in buying a warehouse.. can you still buy a warehouse in Michigan for 50k I remember houses were like a couple hundred bucks in Detroit not too long ago :)
 

Red1966

Well-Known Member
Rent includes utilities right.. otherwise that's steep. Might be cheaper to just invest like 50,000$ in buying a warehouse.. can you still buy a warehouse in Michigan for 50k I remember houses were like a couple hundred bucks in Detroit not too long ago :)
You're only getting 900 sqft, at that. There are some areas of Detroit where they will GIVE you a house. And it's still too high a price.
 

panhead

Well-Known Member
At $4k a month i think his statement that the place is booked solid is a flat out lie , thats a minimum of $12k per grow in expenses which is insane , that dudes a tool trying to get rick quick .

Edit , if i remember right this was allready tried a few yrs back in Michigan & the warehouse got raided & every tennant lost their grow , somewhere down river area i believe .
 

Resinxtractor

Well-Known Member
Can you say Spider mite hotel. I would be weary of having so many different growers in the same local. And this guy somehow is a master cannabis cultivator and knows how to build proper rooms with hvac and electrical needs. Seems like a good scam for an attorney. Build a huge grow. Draw attention to Leo and the Fed's then when not if the place gets raided offer to represent all the growers involved.
 

panhead

Well-Known Member
Shit I never thought of the spider mania that would be going on in there among all the other creepy crawlys we battle .

Just a whole nuther level of toolness to his hair brained idea .

I'd like to meet his tenants & sell em some stock in the Brooklyn Bridge if their stupid enough to get fleeced .

I
 

Skylor

Well-Known Member
At $4k a month i think his statement that the place is booked solid is a flat out lie , thats a minimum of $12k per grow in expenses which is insane , that dudes a tool trying to get rick quick .

Edit , if i remember right this was allready tried a few yrs back in Michigan & the warehouse got raided & every tennant lost their grow , somewhere down river area i believe .
Yeah but things are changing....MM rights is getting stronger over aII...even RM.....GR pot poss. is a ticket ..they sue an Iost.

Now wou I invest-grow there :confused: WeII I sure wouI not be in a rush..its stiII a gambIe
 

Dr.Pecker

Well-Known Member
http://woodtv.com/2015/04/06/warehouse-for-rent-fort-knox-of-pot/

GRAND RAPIDS, Mich. (WOOD) — “The Fort Knox of pot.”

That’s how Matthew Herman describes the secure warehouse he’s setting up in Grand Rapids. The warehouse aims to provide a safe place for people to grow legal medical marijuana without the risk of thieves breaking into their home.

24 Hour News 8 agreed not to disclose the location of the warehouse, which has air filters to prevent a smell, blacked out windows and doors, a secure entrance and multiple cameras.

“Right on the other side of this wall right here is our first tenant,” Herman, a Grand Rapids attorney, said. “I think he has 60 plants in there.”

Each unit in the warehouse is roughly 900 square feet and is divided into two rooms: One for one small plants, called a veg room, and another called the flowering room.

Rent costs $4,000 per month and each unit comes with a 2-year lease, but the warehouse is already completely rented out and Herman also has a waiting list of prospective tenants. He says he has plans to open another five locations this year alone to keep up with demand.

“We’re still kind of a work in progress,” he said as he showed 24 Hour News 8 the warehouse on Monday.

Rent covers the cost of lights, water and fertilizer — but not the actual plants. Rent also covers the fees for an attorney who will answer questions about Michigan’s notoriously confusing medical marijuana law.

Herman got into the business after seeing clients running into trouble while attempting to legally grow medical marijuana in their homes.

“I kind of started to see the problems they were having and then I thought of the economic side of it, because those are the clients that always had the ability to pay their bills,” Herman said. “You kind of figure out how much money is associated with something like this, you’re like, ‘Man, how do I get involved?'”

By June, he hopes to have locations in Byron Center, Muskegon, Ionia, Warren, and two in Grand Rapids. The space at the Byron Center location, which isn’t open yet, is already completely leased out to clients.
Don't do anything like that.
 

Huel Perkins

Well-Known Member
If someone were to really utilize that space they could easily have 24 lights running just for flowering, plus space for a veg/mother room... Basically you could pump out close to a half million worth of meds a year if you know what to do, and utilities and lawyer fees are covered... $4K a month doesn't sound crazy at all to me.

But I'm sure the cops or the city will figure out a way to put an end to it long before any completes their two year lease...
 

gladstoned

Well-Known Member
At $4k a month i think his statement that the place is booked solid is a flat out lie , thats a minimum of $12k per grow in expenses which is insane , that dudes a tool trying to get rick quick .

Edit , if i remember right this was allready tried a few yrs back in Michigan & the warehouse got raided & every tennant lost their grow , somewhere down river area i believe .
Are you thinking about the Russell Industrial warehouse? They still can't let mj businesses in there. It's been a few years since they were raided.
 

Skylor

Well-Known Member
Guys, it hasn't been even 10 years since the MM Iaw in Mich pass, give it time to grow...in 20--30 years, things might be much better--yeah we be gone by then but hey, our children wiII than us someay, ha ha
 

TheMan13

Well-Known Member
If someone were to really utilize that space they could easily have 24 lights running just for flowering, plus space for a veg/mother room... Basically you could pump out close to a half million worth of meds a year if you know what to do, and utilities and lawyer fees are covered... $4K a month doesn't sound crazy at all to me.

But I'm sure the cops or the city will figure out a way to put an end to it long before any completes their two year lease...
Why would you think "lawyer fees are covered"? With his civil indemnity clause contract and likely guaranteed criminal first in witness/amnesty agreement (fed and/or state) you are gravely mistaking. Going into business with a lawyer with a scheme like this you had better have a multiples of that exorbitant rent on hand for the likely legal fees to come your way. For example, maybe when he turns you in to provide cover for his ass, as he states twice in that short interview/article. What about missing a rent payment, or getting on his bad side as with any landlord? It's exactly his looking out for him (legal foresight) that will have an extreme cost to you in the end ...
 

Skylor

Well-Known Member
True, Your great pIants are not under your controI--who's to say they never be touch--trim whiIe U aren't around-----me trust no one, not when money is involve
 
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