Growing Marijuana. What happens when you sell your property (PDS)

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The Federal Government is legalizing Cannabis as of Oct 17, 2018.  Adults will be permitted to grow up to 4 cannabis plants per household.   (visit www.canada.ca/cannabis and www.cannabis.gov.bc.ca )

What you aren't told is that in B.C. when selling a property, you are required to fill out a property disclosure statement. (PDS)  Question 4A asks if the premises have been used as a marijuana grow operation.  If you answer yes, the main 5 banks will NOT provide financing to your buyer. Additionally your property can be devalued by up to 10%.

We need to have this clause removed from the PDS.  Minimally, the wording needs to be changed to exclude remediated properties and legal grow operations. 



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