Located in the Jewelry District, the project will be occupied exclusively by businesses in the cannabis industry. The Santa Monica-based developers are hoping the building will help transform the neighborhood.

When selling and smoking marijuana was illegal, having a dealer in the neighborhood didn’t boost property values, but that could change now that marijuana is licit in California.

In Downtown Los Angeles, Bow West Capital will open its Green Street Building development in a month’s time, according to Forbes.

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Dennis Lynch ~ TheRealDeal.com ~