You'll find a burgeoning market for consumption lounges in states that have legalized adult-use cannabis, including pioneers like California, with lounges in cities such as West Hollywood and San Francisco; Colorado, particularly in areas like Denver; and Nevada, with a growing presence in Las Vegas and Reno. Other states such as Michigan, Illinois, New Jersey, and New York are also developing robust frameworks for these social consumption spaces, each with unique licensing requirements and operational guidelines. Some lounges operate on a "Bring Your Own Cannabis" (BYOC) model, while others are integrated with dispensaries, allowing for on-site purchases.

Investing in a cannabis consumption lounge offers a significant opportunity to tap into the evolving cannabis tourism and social experience market. These businesses are poised to become as common as traditional bars and coffee shops, appealing to a broad demographic looking for safe, legal, and social ways to consume cannabis.

CannaMLS is the number one place to find cannabis consumption lounge businesses and cannabis real estate for sale across the nation.