Inception REIT targets US cannabis market

The first REIT targeting the cannabis market has launched in the US.

Inception REIT will provide real estate debt and equity to licensed medicinal and “adult-use” cannabis businesses.

Sponsored by the Inception Companies, a private opportunistic investment firm based in Los Angeles and London, the REIT intends to raise up to $50m and said it has already secured commitments from several “prominent real estate investors and executives”.

Although most US states have legalised some form of cannabis use – largely medicinally – and nine states have legalised recreational use, there is limited access to financing for