"Marijuana legalization for recreational use in Colorado and Washington as well as medical marijuana laws in other states have created increased demand for marijuana growing space. A new startup, Advanced Cannabis Solutions has been formed to help meet this demand for specialized real estate. ACS plans to buy property, initially in Colorado, and lease it to marijuana growers and dispensaries.
Forming at the perfect moment to capture the legal and regulatory zeitgeist, CANN has rode the marijuana stock boom to a valuation of over $500million before showing any revenue or holding any assets. "