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
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