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A cannabis-related tenant like a CBD shop or legal dispensary is likely to raise consumer traffic at a shopping center, according to ICSC Research, for which Engine Insight surveyed 1,004 U.S. adults from March 2-4.
Fifty-seven percent welcome shops whose products are mainly infused with CBD, such as oils and lotions for personal care and wellness. Fifty-five percent welcome legal cannabis dispensaries for all types of use.
Thirty-two percent of consumers surveyed would be more likely to visit a shopping center if its tenants include a CBD shop, and 21 percent would be less likely to visit such a shopping center. Thirty-five percent would be more inclined to visit a shopping center with a legal dispensary, and 24 percent would be less inclined.
Read the full report from ICSC Research here.
Register here for ICSC's webinar Cannabis Tenants: Evaluating an Emerging Use. On April 30, experts will discuss changes to the cannabis industry resulting from COVID-19 and will offer advice on how to access emerging opportunities from the expanding market.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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