With the advent of cannabis legalization and proliferation of cannabis growing facilities, there is uncertainty in jurisdictions across the country as to how these facilities should be valued and treated for municipal property taxation purposes. Are they farms, commercial or industrial operations? Inherent in this question is the tension between fair treatment for cannabis businesses and municipalities seeking to reap the benefits of having cannabis grow ops in their communities. This presentation will provide an overview of how cannabis facilities are currently treated for property tax purposes across the country, with commentary on prospects for the future. The goal is for participants to understand the impact of property taxes on a cannabis company’s bottom line.