Lextract extracted 126 fields from a Denver cannabis retail lease: use clause, cash-only payment, assignment restrictions, and federal legality disclaimer provisions.
By Angel Campa, Founder · Updated March 2026
Location
Denver, CO
Size
4,200 RSF
Annual Rent
$126K/yr
Term
60 months
Tenant
Chronic Therapy
Landlord
Mountain States Properties
Cannabis retail leases contain use clauses, local licensing references, and cash-only payment provisions that are unique to the industry. The federal illegality of cannabis creates unusual provisions around landlord liability, assignment restrictions, and lender consent requirements that are absent from standard retail leases.
Lextract extracted the cannabis-specific use clause, the cash-only rent payment provision, the restrictive assignment clause (requiring landlord consent plus new tenant licensing), and the federal legality disclaimer provision. All standard NNN fields were also extracted correctly.
126
Fields Extracted
Under 3 minutes
Extraction Time
| Field | Extracted Value | Why It Matters |
|---|---|---|
| Use Clause | Licensed cannabis retail dispensary | Highly restrictive use — essentially no subletting market |
| Rent Payment Method | Cash only (federal banking restrictions) | Cannabis tenants cannot use standard banking — affects payment processing |
| Assignment Restrictions | Landlord consent + new cannabis license required | Near-impossible assignment — effective owner-occupancy |
| Federal Legality Disclaimer | Present | Landlord protection clause in event of federal enforcement |
| Annual Rent | $126,000 | $30/RSF NNN — above-market premium for cannabis-permitted location |
| Renewal Option | 2 × 5-year options | Long renewal tail — cannabis tenants invest heavily in permitted locations |
Cannabis leases routinely contain use clauses tied to state licensing, cash-only payment provisions (due to federal banking restrictions), landlord indemnification clauses related to federal law, and assignment restrictions requiring the assignee to hold a valid cannabis license.
Cannabis leases contain unique risk provisions that standard abstraction tools miss. Lextract's extraction model is trained on cannabis lease patterns and correctly identifies these specialized clauses, flagging them for review by landlords, lenders, and investors.
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