Retail centers could boost traffic with cannabis

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 US 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.

Source: ICSC

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