A new startup has ambitions of becoming the Zillow of property search for marijuana growers and landlords who are willing to rent their properties to people in the budding industry.

The new service, HerbFront, will offer zoning maps to identify areas that are legal for farming marijuana, warehousing and retail services. Tight zoning regulations that rule out locations near schools, parks and other facilities mean 95 percent of properties can’t host pot-related businesses, HerbFront founder Matt Chapdelaine tells Crain’s Chicago Business.

HerbFront will deliver “verified property reports” to help landlords “boost their listings” by confirming that properties meet local zoning laws, along with custom zoning maps and market forecasts.

After enrollment kicks off Feb. 1, HerbFront will charge landlords and property owners $50 per listing. It will charge users who want to search for properties $100 a month. Access to maps and market research will cost $1,000 a month.

The Chicago-based startup also offers a free subscription to its monthly newsletter with news and insight into “legal” cannabis properties, and provides consulting services for $250 an hour.

Twenty-three states now allow the use of marijuana for medical purposes, and Colorado has legalized it for recreational use.

Investors and entrepreneurs are eying the marijuana market. Revenues for the industry could reach $35 billion by 2020 if the federal government legalizes pot, according to GreenWave Advisors, a research firm for the marijuana industry.

Until that happens, marijuana-related businesses may meet state and local laws, but still face action from the feds. In California, federal prosecutors have tried to shut down pot dispensaries by sending letters to property owners threatening civil forfeiture of their property if they continued to allow it to be used to further a federal crime.

PayPal founder Peter Thiel, through his $2 billion Founders Fund, invested in Privateer Holdings, a marijuana business that peddles several brands of pot.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription