Marijuana Multiple Choice

[Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.]

As a Realtor, how do you know that legalized cannabis (marijuana) is officially a thing — even in states (like Minnesota) that only allow limited, medical use?

You can take a continuing education course titled “Marijuana in Real Estate.”

In fact, I just did.

One (Legal) Size Fits All?

Unfortunately, I very much doubt that the company offering the course knows anything about selling real estate in Minnesota.

Consider the following multiple choice question (on the follow-up quiz required to pass the course):

“Jerry is a medical marijuana user who is getting ready to sell his home. What should he disclose as relevant to a transaction?

A. His medical condition.
B. Marijuana activity occurring on the property.
C. How much marijuana he used.
D. Nothing — it’s no one’s business but his own.

Correct answer:  “B.”

Sorry, I very much doubt that that’s the correct answer, at least in Minnesota.

Put differently, in 16+ years selling real estate in the Twin Cities, I’ve yet to see a Minnesota home seller divulge that . . . nor do I expect to any time in the near future.

P.S.: On a hunch, I checked out where the continuing ed company was located.

Answer: (very) cannabis-friendly Colorado (specifically, the Denver ‘burbs).

See also, “Does Bubbie* Inhale?

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply